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We're yet to hear from Kingfisher: SBI chief

Last Updated: Saturday, November 24, 2012, 18:24

"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.

Action plan after Nov 17 if salary not paid: KFA employees

Last Updated: Wednesday, November 14, 2012, 18:06

"We will wait till Saturday for the payment of May salary. If the airline does not pay by November 17, we will chalk out our further action plan," they said.

SBI wants ailing Kingfisher to pump $1 bn by month-end

Last Updated: Wednesday, November 07, 2012, 20:27

"...We do not put a gun on their head but the more comes in the better because airlines are a very capital intensive business. I think about USD one billion would be a good starting point," SBI Chairman Pratip Chaudhuri told reporters on the sidelines of World World Economic Forum on India summit here.

Revenue dept to take legal action against KFA to recover dues

Last Updated: Wednesday, July 18, 2012, 18:51

The service tax department can take Kingfisher to court under Section 76 and 78 of the Finance Act. Under the provisions of the Act, the CBEC can charge up to 200 percent of the tax evaded as penalty.

We do not like shutting down of Kingfisher: SBI

Last Updated: Thursday, July 12, 2012, 20:39

SBI, the lead lender to Kingfisher Airlines, on Thursday said it is not for shutting down of the cash-strapped carrier but the lenders needed to take measures to recover loans given to it.