KFA exposure limited: Banks | india | Hindustan Times
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KFA exposure limited: Banks

ICICI Bank MD and CEO Chanda Kochhar on Sunday said the bank's exposure to Kingfisher was covered through collaterals. "Our exposure is around Rs 400 crore and that is covered through securities and cash flows outside the airlines."

india Updated: Nov 13, 2011 22:30 IST
HT Correspondent

ICICI Bank MD and CEO Chanda Kochhar on Sunday said the bank's exposure to Kingfisher was covered through collaterals. "Our exposure is around Rs 400 crore and that is covered through securities and cash flows outside the airlines."

State Bank of India MD, national banking group, A Krishna Kumar also said Kingfisher would not impact its balance sheet.