"State Bank of India, leader of the consortium (of 11 lenders to Kingfisher), has stated that at present, there is no plan," Minister of State for Finance Namo Narain Meena said in a written reply in Lok Sabha.
He was replying to a question on whether lenders are planning to carry out a second round of restructuring of loans to help Kingfisher.
The Minister further said the airline has a total outstanding loan liability of Rs 6,419.60 crore (Rs 64.19 billion), which include Rs 9,730.37 crore (Rs 97.3 billion) provided to Kingfisher for non-fund based activities.
State Bank of India, the minister said, has an exposure of Rs 1,457.78 crore (Rs 14.57 billion), followed by IDBI Bank (Rs 727.63 crore or Rs 7.27 billion), Punjab National Bank (Rs 710.33 crore or Rs 7.1 billion), Bank of India (Rs 575.27 crore or Rs 5.75 billion) and Bank of Baroda (Rs 537.51 or Rs 5.37 billion).
The other lenders which have provided funds to the airlines include ICICI Bank, Central Bank of India, United Bank of India, UCO Bank, and Corporation Bank.
SBI has already exceeded the exposure limit of Rs 1,436.1 crore (Rs 14.36 billion) in Kingfisher.
Of the total outstanding of Rs 6,419.60 crore (Rs 64.19 billion), Rs 750.10 crore (Rs 7.5 billion) has been converted into cumulative redeemable preference shares and Rs 553.10 crore (Rs 5.53 billion) as non-convertible cumulative redeemable preference shares to be redeemed after 12
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