SBI identifies some properties of Kingfisher for attachment

State Bank of India (SBI) identifies some properties of Kingfisher for attachment.

State Bank of India (SBI)SBI-Logo, the lead banker in the 17-bank consortium to Kingfisher Airlines, has identified some properties for attachment.

“Efforts are afoot to make some recoveries. Already certain properties have been identified towards attachment by the bank as against loans disbursed to the airline.

Allocations have been made in the bank’s NPA which stood at (around) Rs 22,000 crore as of Dec 2012,” A Krishnakumar, Managing Director and Group Executive (National Banking) of State Bank of India said.

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