In an interview to CNBC-TV18, Deepak Narang, executive director, United Bank of India expects the airline to be declared a wilful defaulter in 15-20.

Examining legal implications involved in Airbus issue: UBI

Discussing the latest developments, Deepak Narang, ED, United Bank of India, said the bank had given money to Airbus on behalf of Kingfisher and its unethical of them (Airbus) not to deliver post taking money.

See credit grow around 20%, NPAs trend lower: Federal Bank

The bank does not hold large portfolios of stress and aims to bring down its non-performing assets (NPAs) and non-performing loans (NPLs) going ahead.

Need to sort legal issues before targeting UBHL: United Bk

RBI has issued clarification on 'wilful defaulter' tag wherein it allowed banks to include key executives in the management as defaulters too. The central bank also wants banks to name non-group entities as ‘wilful defaulters‘ if they have given guarantees and don‘t pay up when the original party defaults.

KFA case: Decoding implications of 'wilful defaulter' tag

United Bank has declared Kingfisher Airlines and its promoter Vijay Mallya as ‘wilful defaulter‘. The bank is in the process of sending formal notices to the company and will inform RBI as well.

Bad loans on rise: How can banks tackle the menace?

Experts feel the corporate governance in PSU banks is not as strong as private banks and there is lot of involvement and interfering by government officials.

Tamil Nadu issue to continue to hit sales: United Breweries

A year-ago quarter, UB Ajanta Breweries was amalgamated with UB, so the fourth quarter results are not comparable.

B/S firm on provisions; 25-bps cut in rates likely: OBC

B Nayyar, ED, Oriental Bank of Commerce (OBC) says, in an interview to CNBC-TV18, that the balance-sheet has been strengthened with 63-percent provisioning and adds that a 25-bps cut in deposit rates is likely.

Q4 NPAs lower, positive on agri portfolio: SBI Chairman

State bank of India expects to report lower non-performing assets in January-March as compared to third quarter, backed by better recoveries in retail NPAs and is very positive about its agriculture portfolio.

Recovery better; loans to steel, power still a concern: PNB

The state-owned Punjab National Bank hopes to see some improvement in recovery in quarter ended March despite continued pressure on loans given to the sector such as steel, power and mining,.

Low taxes, infra key to aviation biz take-off not FDI: IATA

director general & CEO, IATA Tony Tyler told CNBC-TV18 that lower taxes, tighter control on costs and creation of adequate infrastructure are key to a business environment that will lure increased investment into the aviation sector

Not worried about Kingfisher Airlines loans: SREI Infra

SREI Infrastructure Finance is not worried Rs 430-crore loan exposure to Kingfisher Airlines as the security value (value of assets attached with the loan) of the loan has grown in value.

Favour AirAsia JV; no due diligence shortcuts: Ajit Singh

Union aviation minister Ajit Singh says, on CNBC-TV18, that the government favours the AirAsia-Tata JV and adds that there will be no shortcuts in the due diligence process required before issuing the licence for operations.

AirAsia awaits DGCA's nod to fly high: Arun Bhatia

The finance ministry today cleared the investment proposal of Malaysian budget carrier AirAsia which seeks to enter India through a joint venture with Tata Group and another company. On the sideline of the development, Shereen Bhan spoke to Arun Bhatia of Telestra Tradeplace Pvt Ltd to get more insight on the development.

Reduced CDR aid; well-provisioned against KFA: United Bank

Deepak Narang, ED, United Bank of India says that the bank has reduced corporate debt restructuring support to companies with low profitability to curtail the rise of NPLs. The bank is fully provisioned against its exposure to Kingfisher thanks to the RBI‘s permission which allowed the bank to make provisions over two quarters, he told CNBC-TV18.

KFA crisis: Is there a need to tighten rescheduling norms?

Besides the banking sector, the economy as a whole has lost in terms of other creditors, like tax authorities, oil companies, airport authorities and of course employees and shareholders.

Kingfisher loan recall will be messy affair: BMR Advisors

Vivek Gupta, Partner at BMR Advisors clearly considers the entire situation to be messy. According to him, there will certainly be a hierarchy of demands once claims are made.

Bank recall will have serious impact on UB Group: HP Ranina

According to Supreme Court advocate HP Ranina this step will severely hit United Breweries Group because most KFA loans are guaranteed by them.

Sebi clears KFA loan sell-off, CCI yet to approve: SREI

SREI Infra announced that it is keen to offload the United Spirits (USL) shares it holds as underlying security on the 430 crore Kingfisher loan it bought from ICICI Bank. Sunil Kanoria, CMD, SREI Infra spoke to CNBC-TV18 regarding the KFA collateral sale plans.

Provisioning, low rate growth hits net; NIM up at 2.7%: UBI

Deepak Narang, ED, United Bank of India explains on CNBC-TV18, after the announcement of results, that the bank's net profit was affected by increased provisioning for Kingfisher Airlines this quarter followed by provisions for transport, IT, iron and steel. He expects a pick-up in recoveries going forward.

Expect Q4 margins to be better than Q3: OBC

The Q3 margins stood at 2.84 per cent as compared to 2.79 per cent quarter on quarter basis. In an interview to CNBC-TV18, SL Bansal, Chairman & MD, OBC said, 'We are expecting that our margin in the next quarter will be much better. It should be close to 2.95 per cent".

Will file winding-up petition to KFA after 3 weeks: Brahme

Ajay Brahme, the legal representative of the former employees and pilots of the Kingfisher Airlines, explains on CNBC-TV18 that the legal notice served to the management of the airlines also seeks to initiate criminal charges and winding up of the company on failure to respond within 21 days.

SpiceJet is not desperate to sell stakes immediately: CEO

Shares of SpiceJet rose 6% after reports of Qatar Airways likely to pick up stakes in the carriers started doing rounds yesterday. However, the airline promptly notified to the exchanges that the news is speculative and not in the interest of the company.

Kingfisher employees may not gain from liquidation: Ranina

HP Ranina, senior advocate, Supreme Court, says that the employees are eligible to file a petition for winding up of the company under the Act. However, the chances of employees getting their claim is limited as bank stands a first chance of getting their dues.

Confident of achieving double-digit growth in H2: Sun TV

SL Narayanan, Group CFO, Sun Group, says that the subscription revenues are good and there has been tangible evidence of increased sales of DTH connections on the ground and now the company is in much better shape.