Mallya defiant on 'defaulter' tag; says PNB not 'the only bank'

February 18, 2016 21:20

Days after Punjab National Bank declared him a 'wilful defaulter', embattled businessman Vijay Mallya today appeared defiant saying "PNB is not the only bank and he will do what he has to do".

Known for his flamboyance and hosting lavish parties even when his companies have been declared defaulters by lenders, Mallya also said everybody has his own "perception" about his lifestyle and he would not comment on it.

He, however, maintained his future action was to achieve settlement with banks.

PNB is the third public sector bank to declare now defunct Kingfisher Airline and its two guarantors -- United Breweries (Holdings) Ltd and Mallya -- as wilful defaulters. Earlier, United Bank of India and SBI had done the same.

Talking to Times Now news channel, Mallya said PNB was "not the only bank" and he "will do what he has to do."

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