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 February 28, 2015, State Bank of India closed at Rs 301.60, up Rs 1.65, or 0.55 percent. The 52-week high of the share was Rs 2977.85 and the 52-week low was Rs 276.00.
The company's trailing 12-month (TTM) EPS was at Rs 16.61 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 18.16. The latest book value of the company is Rs 158.43 per share. At current value, the price-to-book value of the company is 1.90.
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