Mumbai: State Bank of India, the lead banker in the 17-lenders consortium that extended Rs 7,000 crore loans to the now grounded Kingfisher Airlines, today said the banks are "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 airline management to come up with a revival plan, that includes a $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 managing director and chief financial officer Diwakar Gupta told reporters on the sidelines of a PwC event.
05/12/12 Times of India
