The Mint Report
Kingfisher Airlines reports December quarter loss of Rs755 crore; rupee closes at three-and-a-half-month high and the Sensex falls on fresh euro zone concerns.
Lenders to start recovery of Kingfisher Airlines' loans
REUTERS - Lenders to grounded Kingfisher Airlines(KING.NS) have decided to take initial steps towards recovering $1.4 billion of loans in default after the company failed to come up with a viable funding plan."How long can we wait?" said Shyamal Acharya, deputy managing director at State Bank of India, after a meeting of lenders late on Tuesday. The bank is the leader of the 17-bank ...
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