Kingfisher Airlines' largest creditor SBI said on Thursday the company continues to be a bad asset and the carrier will have to come with an equity infusion plan, even as the Vijay Mallya-promoted airline is knocking at the government's door for more time to pay loans.
"Kingfisher continues to be an NPA (non-performing asset). The company will have to infuse more equity," said SBI Chairman Pratip Chaudhuri.
"Kingfisher loan has become NPA for the last one month or so. I don't think Kingfisher loan has reached that stage that loan would have to be sold," he said, adding, no fresh sanctions are being done to the airline.
On equity infusion from promoters in Kingfisher, he said, "The company will have to come with a proposal. They
have not come up with any proposal."