Sunday, 26 October 2014

Working to recover loans from Kingfisher Airlines: Private banks

MUMBAI: Private sector banks, which have shied away from tagging Kingfisher Airlines chairman Vijay Mallya a 'wilful defaulter' as some key public sector lenders have done, say that they are exploring "all options" to recover their loans.

READ ALSO: Kingfisher Airlines, Vijay Mallya declared wilful defaulters

At least two banks, the third largest private sector lender Axis Bank and the south-based Federal Bank, have said they have not classified KFA, Mallya and his senior officials as wilful defaulters.