State Bank of India, (SBI), the largest lender to Kingfisher Airlines is disappointed at the latter's fund raising plans. Pratip Chaudhuri, chairman, SBI said that he does not see any urgency from KFA on that front. SBI has an exposure of Rs 1580 crore to KFA and the interest for which has not been serviced since January.
Chaudhuri further said that he would like to support KFA as a going concern. "The airline needs to infuse at least USD one billion," he added.
The bank has also given the company time till November 30 to infuse equity, state media reports.
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