Kingfisher First: Banks staring at Rs 6000-crore writeoff on loans to debt-ridden airlinesLenders are reconciling to the fact that chances of an equity investor coming forward is remote while the airline's troubles are rising.
24 Oct, 2012, 06.45 AM IST
Kingfisher Airlines’ lenders appoint SBI Capital for restructuring planAccording to lenders, Mallya did not offer any concrete revival plan as he could not commit on equity infusion by promoters.
28 Sep, 2012, 03.35 PM IST
Kingfisher Airlines lenders demand Vijay Mallya's presence for loan talkLenders of KFA have demanded that Vijay Mallya should present himself before lenders to resolve the deadlock.
06 Sep, 2012, 02.23 PM IST
ICICI seeks more security for Kingfisher Airlines loan; asks for more collateralICICI has asked Kingfisher to provide more collateral for loans given to it or face cut in credit even as Mallya prepares to present reviva...
27 Mar, 2012, 10.53 AM IST
- Banks restructured loans could rise: Report
Air India, GTL, Bharti Shipyard and the State Electricity Boards of Haryana, Rajasthan and UP are the big accounts that are in the process ...
10 Jan, 2012, 06.39 PM IST
Vijay Mallya gives personal guarantee of Rs 249 cr for KingfisherVijay Mallya has given a personal guarantee of Rs 248.97 crore, besides pledging shares as security against loans taken from various banks,...
12 Dec, 2011, 10.59 AM IST
- Global consultant may script Kingfisher Airlines revival plan
Beleaguered Kingfisher Airlines may ask an international consultant to help prepare a turnaround plan as lenders remain wary of giving more...
12 Dec, 2011, 10.54 AM IST
- No second round of debt restructuring for Kingfisher by banks
SBI has an exposure of Rs 1,457.78 cr, followed by IDBI Bank(Rs 727.63 cr), PNB(Rs 710.33 cr), Bank of India (Rs 575.27 cr) and BoB (Rs 537...
09 Dec, 2011, 04.58 PM IST
Banks tell Kingfisher Airlines to bring fresh equityThe loans of Kingfisher Airlines were restructured less than a year ago after RBI agreed to give it a one-time dispensation.
16 Nov, 2011, 04.37 PM IST
- Kingfisher Airlines may convert part of debt into forex loans
Kingfisher Airlines plans to convert a part of its rupee debt into foreign currency loans to cut debt as interest rates abroad is lower tha...
16 Nov, 2011, 04.27 PM IST
- BoI's total exposure to aviation sector stands at Rs 4000 cr: N Seshadri, Executive Director, Bank of India
In an interview with ET Now, N Seshadri, Executive Director, Bank of India, talks about the company's performance. Excerpts:
15 Nov, 2011, 03.09 PM IST
Kingfisher Airlines bailout: Why options before government & banks are limitedWhat the airline is hoping for is more of what it got a year back: banks will 'restructure' its debt, currently estimated at around Rs 7,00...
13 Nov, 2011, 01.43 AM IST
- SBI, ICICI Bank picks up about 11% stake in Kingfisher
SBI and ICICI Bank have together picked up close to 11 per cent stake in debt- trapped Kingfisher Airlines as part of debt recast process.
06 Apr, 2011, 06.28 PM IST
- Mallya’s stake in Kingfisher to fall below 50% post debt restructuring
Kingfisher Airlines is in the process of implementing the debt restructuring plan, which also includes raising $250 mn to $350 mn via GDR.
13 Dec, 2010, 09.19 PM IST
- Banks may get to bail out airlines
The banking regulator has said that banks could change the terms under which they have lent to airlines, possibly throwing a lifeline to a ...
26 Aug, 2010, 05.57 AM IST
- Kingfisher got IDBI Bank loan despite poor rating
The Rs 900 crore in loans to Kingfisher Airlines that IDBI Bank recalled in May were made despite internal reports at the bank questioning ...
17 Jul, 2010, 01.46 AM IST
- IDBI asks KF to pay back Rs 900 cr
IDBI Bank has recalled a Rs 750-crore loan advanced to Kingfisher Airlines, after the company failed to stick to its repayment schedule.
17 May, 2010, 12.17 AM IST