"Our immediately priority is that the airline make payments regularly," said a senior banker from a public sector bank. Banks have been reeling under huge provisioning burden as the loan has become an NPA.
Another senior public sector banker said Kingfisher executives conveyed that the UB Group was talking to private equity players for infusion. They made presentations on the operations and steps taken to improve financial parameters. They also reiterated demand for working capital support, the banker added.