Feb 26, 2013, 10.58 PM IST | Source: CNBC-TV18

SBI may issue loan recall notice to Kingfisher soon

State Bank of India (SBI), the largest lender to Kingfisher's said that a loan recall notice is likely to be issued to Kingfisher Airlines in a month.

State Bank of India ( SBI ), the largest lender to Kingfisher 's said that a loan recall notice is likely to be issued to Kingfisher Airlines in a month time. SBI, the country's largest bank, has so far extended credit to the tune of Rs 1,700 crore to the ailing airlines.

Speaking on the sideline, Krishna Kumar, MD, SBI said to CNBC-TV18, exclusively that lenders to Kingfisher have formed a sub-committee and are seeking legal opinion over recalling loans. Once recall notices are sent action will be taken on assets pledged.



SBI stock price

On April 17, 2014, State Bank of India closed at Rs 2017.80, up Rs 58.05, or 2.96 percent. The 52-week high of the share was Rs 2469.25 and the 52-week low was Rs 1452.90.

The company's trailing 12-month (TTM) EPS was at Rs 149.34 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 13.51. The latest book value of the company is Rs 1325.34 per share. At current value, the price-to-book value of the company is 1.52.

READ MORE ON  SBI, KFA, Kingfisher, lenders, notice, loans, debt
Set email alert for
SBI Kingfisher Air


Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

577.09 -6.89 -1.18%


Bought today


Sold today


User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.