With Kingfisher Airlines facing huge turbulence, there is still uncertainty over moves by a consortium of bankers to offer fresh loan for the beleaguered carrier, which came out with a curtailed flight schedule. Notwithstanding reports that the lead banker of the consortium State Bank of India (SBI) has agreed to provide Kingfisher Rs 1,650 crore relief package, the bankers were tight lipped about what they were planning. However, sources in the consortium said that Kingfisher could look for any fresh loans only if the main promoter United Breweries gets an infusion of fresh equity. The air carrier is understood to have been told by the bankers that it should get at least 25 per cent of the Rs 3,000 crore loan it is looking for in the form of fresh equity. For more information on sbi online account opening please visit SBI website.

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