SBI has no plan to provide fresh loan to kingfisher airlines: FM

Bangalore : The Finance Minister Pranab Mukherjee today said that State Bank of India has no plan to provide fresh loan to the cash-strapped Kingfisher Airlines. In a written reply to the Rajya Sabha, Mr Mukherjee said, SBI has informed that currently there is no such plan to provide additional loan to Kingfisher Airlines.

Kingfisher airlines has a debt of over 7,057 crore rupees and the financial crunch has hit its operations with dozens of flights being either cancelled or clubbed.