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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."

Updated on: Nov 13, 2011 10:30 PM IST
Hindustan Times | By , Mumbai/Jamshedpur
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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."

HT Image
HT Image

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

 
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