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Tuesday, February 24, 2015

Indian Bank SBI Consortium takes over Kingfisher House

Loan recovery: SBI consortium takes over Kingfisher House

Clamping down on Dr Vijay Mallya-led UB Group to recover loans, a 17 Bank consortium led by state-run SBI today took over possession of the prized Kingfisher House, estimated to be worth Rs 100 Crore.

The banks have taken possession of the over 16000 Sq Ft property at Vile Parle, near the domestic Airport here, as part of their efforts to recover the INR  7000 crore loan they had granted to the long-grounded Kingfisher Airlines

SBI taking all steps to recover money from Kingfisher | PTI

New Delhi, Mar 18 (PTI) :The lead banker to Kingfisher Airlines, SBI on Monday said it is taking all steps to recover the loan provided to the grounded carrier.
SBI to bail out Kingfisher Airlines with Rs 1,500 cr loan ...

 The government-owned State Bank of India (SBI) threw a Rs1,500-crore lifeline on Tuesday to keep billionaire Vijay Mallya's sinking Kingfisher ...
SBI initiates possession of Kingfisher House in efforts to ...

SBI initiates possession of Kingfisher House in efforts to recover Rs 6800 crore loan - Kingfisher Airlines was touted as one of the most ...

SBI to approach CBI against Kingfisher over loan default ...

The companies which have other promoter group members of Kingfisher Airlines on their board will also not be given any further loans.

The CBI has returned empty-handed from the State Bank of India, the country's largest lender, in a case involving a loan to Kingfisher Airlines.

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