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Kingfisher Airlines loan News

Kingfisher Airlines

23 Jun 2015

UBI ''serious'' to recover money from Kingfisher Airlines

In the recent AGM of the Kolkata headquartered bank, managing director and CEO P. Srinivas said: "We are fighting a legal battle against them (Kingfisher Airlines) beyond the consortium and we have already declared their corporate guarantor as willful defaulter."

09 Aug 2014

CBI launches initial probe into IDBI loan to Kingfisher

The Central Bureau of Investigation (CBI) is investigating a loan made by state-run IDBI Bank Ltd to debt-laden Kingfisher Airlines worth 9.5 billion rupees (USD155.38 million), a police spokeswoman said on Saturday.

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