Feb 26, 2013, 10.58 PM IST
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.
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 December 11, 2013, State Bank of India closed at Rs 1796.70, down Rs 47.85, or 2.59 percent. The 52-week high of the share was Rs 2550.00 and the 52-week low was Rs 1452.90.
The company's trailing 12-month (TTM) EPS was at Rs 179.98 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 9.98. The latest book value of the company is Rs 1445.60 per share. At current value, the price-to-book value of the company is 1.24.
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