State Bank of India (SBI), the lead banker in the 17-lender consortium to the cash-strapped Kingfisher Airlines, has identified some properties for attachment, reports said, quoting Managing Director and Group Executive (National Banking) A. Krishnakumar.
He said, "Efforts are afoot to make some recoveries. Already certain properties have been identified towards attachment by the bank as against loans disbursed to the airline. Allocations have been made in the bank's NPA which stood at around Rs.22,000 crore as of Dec 2012."
A sub-committee was formed, involving about four banks to examine availability of assets of the borrower and will also solicit needful legal advisors before the next stage of opting for litigation, he said.
Last year, it was reported that lenders to debt-ridden Kingfisher were considering selling the carrier's two properties in Mumbai and Goa worth Rs.120 crore to recover a part of the loans worth over Rs.7,500 crore.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.