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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