Sat, 24 Nov 2012 19:15:00 GMT | By PTI

We’re yet to hear from KFA: SBI chief

SBI chairman has ruled out fresh funds to KFA, which has not been servicing its Rs 7,000-crore working capital and long-term loans since January 2012


We’re yet to hear from KFA: SBI chief (© Reuters)

Pune: With barely a week left ahead of the November 30 deadline set by bankers to pump in fresh capital into the grounded Kingfisher Airlines, State Bank of India (SBI) on Saturday 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’ here.

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.

(Continued)
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