Banks should have acted tougher with Kingfisher
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Banks should have acted tougher with Kingfisher

Mumbai : India | Oct 10, 2012 at 2:11 AM PDT
Source: India Abroad
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Its business model had been shown up as unworkable well before then, and it was clear that the management and owners were incapable or unwilling to change it. Yet banks, especially public sector banks, threw good money after bad into the airline. Kingfisher owes Rs 7,000 crore (in principal alone) to... FULL ARTICLE AT India Abroad
 
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