Lenders

Lenders News

KFA meet inconclusive; lenders want fresh fund infusion
Business

KFA meet inconclusive; lenders want fresh fund infusion

A meeting between the core lenders group and the grounded Kingfisher Airlines, which is trying to resume operations by next month, ended inconclusively here this evening, as the airline failed to table a concrete revival plan.

Tomorrow's meeting with KFA crucial, say lenders
Business

Tomorrow's meeting with KFA crucial, say lenders

The meeting between bankers and management of ailing Kingfisher Airlines tomorrow is being considered crucial as it will determine the future course of action by lenders.

Mallya tells lenders money will come, but doesn't say how
Business

Mallya tells lenders money will come, but doesn't say how

Despite a series of meetings between debt-laden Kingfisher Airlines and its lenders, the airline's promoter Vijay Mallya once again failed to submit a detailed long-term business plan today but was confident of infusing funds to restart operations.

'Banks will collectively take a view on Kingfisher account'
Business

'Banks will collectively take a view on Kingfisher account'

Lenders will restructure Kingfisher's Rs 7,000 crore loans, with the Punjab National Bank (PNB) today saying that all banks will have to take decision on it collectively.

Banks biggest casualty if Kingfisher goes bust
Business

Banks biggest casualty if Kingfisher goes bust

This is because by monetising collaterals, the lenders won't be able to recover even 10 percent of their outstanding to the airline.

No more funds to Kingfisher, lenders want new plan by month-end
Business

No more funds to Kingfisher, lenders want new plan by month-end

They have also decided to go ahead with the sale of non-core assets, but a final decision will be taken only after company Chairman Vijay Mallya makes a presentation this month-end

Bankers should take a harsh call to recover Kingfisher debt
Business

Bankers should take a harsh call to recover Kingfisher debt

The only option left is to consider invoking securities and guarantees against the debt to recover their money.

Air India relieved, lenders approve debt recast plan
Economy

Air India relieved, lenders approve debt recast plan

Air India was in talks with banks to restructure its working capital debt of about $4 billion and is in the midst of implementing a turnaround plan