We're yet to hear from Kingfisher: SBI chief

November 24, 2012 19:10

With barely a week left ahead of the November 30 deadline set by bankers to pump in fresh capital into the grounded Kingfisher Airlines, the lead lender State Bank of India has said it has not heard from the company so far.

"Kingfisher as a company has not given us any information or visibility on capital infusion," SBI chairman Pratip Chaudhuri told reporters on the sidelines of the annual two-day banking summit `Bancon 2012' in Pune.

In an obvious reference to the United Spirit-Diageo deal earlier this month, he said there are reports relating to the

group company, but that cannot be a basis for taking a view on the airline.

Late last month, SBI set a November 30 deadline for Kingfisher to bring in fresh capital and produce a comprehensive revival plan. But airline chairman Vijay Mallya said later that he had no knowledge about any such deadline.

On the day United Spirits sold majority stake to the English liquor major Diageo for over Rs 11,100 crore, Mallya had hinted that the proceeds would not be diverted to the troubled airline, saying "both businesses will be dealt with separately".

« Back to LIVE

TOP STORIES

Bairstow Rewrites The Record Books!

This wasn't just a win; it was a statement of intent from Bairstow. He single-handedly guided Punjab Kings to victory, firmly establishing himself as a force to be reckoned with in the IPL. His redemption on that Friday night was...

2 CRPF jawans killed in militant attack on Manipur security camp

The militants attacked an India Reserve Battalion camp at Naranseina in the Moirang police station area, they said.

Jolt to MVA as Cong leader quits campaigning over no Muslim LS candidate

In a letter to Kharge, Khan said he will not campaign for party candidates for the remaining phases of the Lok Sabha polls and is also resigning from the state Congress campaign committee.

NIA chargesheets 14th accused in 2022 Coimbatore car bomb case

Naseer and his associates had conspired to wage war against the government of India and also to kill Indians in order to destabilise the country and create communal disharmony, it said.

India's Biggest Bow Arch String Girder

Glimpses of India's biggest Bowstring/Bow Arch Sting Girder installed by the Hindustan Construction Company on the Bandra-Worli Sea Link at 3.25 am, Friday, April 26, 2024.