Lenders treat KF Airlines account as NPA

Jun 23 ,2012 15:41 PM

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Lenders treat KF Airlines account as NPA

The situation of Kingfisher Airlines seems to be bad as the chairman of the State Bank of India has sadi that the condition of the airline has gone from bad to worse. He told this to reporters at bank's annual meeting. He has said that Vijay Mallya should have infused the fresh equity by now. He, however, said no legal action would be taken on Mallya. Other lenders such as Bank of India and Central Bank too treated Kingfisher account as non-performing asset (NPA)

AW Phani

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