Tiruchirapalli:
Pratip Chaudhuri, Chairman of SBI which heads the consortium of banks that provided loansto Kingfisher, remained non-committal on the next plans for the beleaguered airline.
He dismissed as mischievous as earlier reports of the bank having decided to provide over Rs 1,500 crore asassistance to cash-strapped Kingfisher.
"At length, I cannot discuss about a private company in public. However, we should consider Civil Aviation is animportant thing in a growing country like us and for example all over the world there is a recession in the the airline industry.
"We may consider all these things but we are not in a position to tell what we will be doing for Kingfisher," Chaudhuri told reporters.
He said last week banks met and some of the lenders declined assistance to Kingfisher because they felt it was sub-standard.
Referring to examples of airlines across the world which have gone bankrupt, he said "at the same time there is achange in some parts of the world like Qatar Airways going strong and making lucrative offers."
On interest rates, he said it was upto RBI to take a call but felt that education loans were becoming costlier whilehome loan interest has remained lowest for over a decade.
He dismissed as mischievous as earlier reports of the bank having decided to provide over Rs 1,500 crore asassistance to cash-strapped Kingfisher.
"At length, I cannot discuss about a private company in public. However, we should consider Civil Aviation is animportant thing in a growing country like us and for example all over the world there is a recession in the the airline industry.
"We may consider all these things but we are not in a position to tell what we will be doing for Kingfisher," Chaudhuri told reporters.
He said last week banks met and some of the lenders declined assistance to Kingfisher because they felt it was sub-standard.
Referring to examples of airlines across the world which have gone bankrupt, he said "at the same time there is achange in some parts of the world like Qatar Airways going strong and making lucrative offers."
On interest rates, he said it was upto RBI to take a call but felt that education loans were becoming costlier whilehome loan interest has remained lowest for over a decade.
Track Latest News Live on NDTV.com and get news updates from India and around the world
