With Rs 2,673 cr dues, Kingfisher is top defaulter: Bank staff union

Kochi: Kingfisher Airlines tops a list of 50 top loan defaulters drawn up by public sector banks. The list, released by the All-India Bank Employees Association, says Vijay Mallya’s now-defunct airline owed Rs 2,673 crore to public sector banks. The list was released by the trade union ahead of its December 5 ‘All-India Demands Day’ against what it calls the corporate loot of public money and to press for stringent measures to recover bad loans from corporate borrowers.
‘Kick out bad loans before they kill the banks’ is the slogan the union will highlight during the December 5 demands-day observance.
Read News In full 04/12/13 Business Line