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What about loan recovery from others? Vijay Mallya asks bank chiefs

"I seriously wonder what motivates the bank chairmen to constantly speak to the media on loan recovery from Kingfisher Airlines. What about others?" Mallya tweeted.

BT Online Bureau   Mumbai     Last Updated: March 23, 2013  | 17:45 IST

Kingfisher Airlines promoter Vijay Mallya in his tweet took a dig at bank chief for their "constant speak" to media on getting back dues from the grounded airline.

In his tweet he also asked bank chief about loan recovery from those other than Kingfisher.

"I seriously wonder what motivates the bank chairmen to constantly speak to the media on loan recovery from Kingfisher Airlines. What about others?" Mallya tweeted.

"We are blazing all guns and taking all steps to recovery (of Kingfisher loans)," Pratip Chaudhuri, Chairman of SBI, the lead lender to Kingfisher, had said on Monday.

Posing a question on why Kingfisher should not be given a chance to resume operations, Mallya tweeted back: "SBI Chairman -- All guns blazing on Kingfisher loan recovery. All my guns blazing on restart/rehabilitation. Why should v b denied a chance? (sic)."

Kingfisher Airlines owes a whopping Rs 7,500 crore to a consortium of 17 public banks, mostly state-run banks. It is grounded since last October and its licence also expired on December 31, 2012.

Chaudhuri's assertion on loan recovery from Kingfisher also coincided with Finance Minister P Chidambaram asking banks to take firm steps to recover loans from wilful defaulters. "The country cannot afford to have affluent promoters and sick companies," Chidambaram had said on Monday after meeting heads of PSU banks and financial institutions in New Delhi.


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