Mumbai: State Bank of India, the lead banker in the 17-lender consortium that extended loans worth Rs 7,000 crore to the now grounded Kingfisher Airlines, on Wednesday said the banks are now "trying to do everything to find an amicable solution" to the carrier's financial troubles.
The SBI comment comes a week after the expiry of deadline that the lenders had set to the Kingfisher Airlines management to come up with a revival plan, that includes a US $1 billion capital infusion.
Kingfisher is a good company with a high brand value and lenders are trying to do everything to see that an amicable solution is found, SBI MD & CFO Diwakar Gupta told reporters on the sidelines of a PwC event here.
05/12/12 The Tribune
