No room for more debt to Kingfisher, says SBI chief

Bangalore: Kingfisher Airlines' debt levels are at a peak, and there is no room for further debt, the State Bank of India Chairman, Mr Pratip Chaudhuri, said here on Monday.
“Kingfisher, as a company, needs to get in more equity, and the sooner they get it (it's better). I would say they should get it as of yesterday,” he said, while talking to reporters on the sidelines of the bank's CSR programme.
According to him, the loans to the company are not “so much fund-based”. The loans have been given as guarantees to oil companies so that they can keep supplying fuel to Kingfisher, he pointed out.
28/05/12 Business Line

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Categories: Kingfisher May 2012