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Banks Set To Reject Mallya's Rs 4,000 Crore Loan Repayment Offer: Report
Vijay Mallya’s Kingfisher Airlines owed banks Rs 9,091 cr as of November Mallya has offered to pay banks Rs 4,000 crore by September Lenders will on Thursday inform Supreme Court of their decision on offer
06 Apr 2016, 07:16 PM IST 
Vijay Mallya's Kingfisher Airlines owed banks Rs 9,091 crore as of last November.
A group of banks are reportedly rejecting businessman Vijay Mallya's offer to repay Rs 4,000 crore ($600 million), less than half of what his defunct Kingfisher Airlines owes them, according to news agency Reuters which cited unnamed sources.
The lenders, led by State Bank of India (SBI), are due to inform the Supreme Court of their decision on the offer at a hearing on Thursday.
A senior SBI executive overseeing its stressed-asset...
