Thursday, October 3, 2013

UB-Diageo deal helped J&K Bank recover 90% of Kingfisher loan

Big banks such as State Bank of India are still struggling to recover their loan from the grounded Kingfisher Airlines, but one small bank has made a smart move and got back most of its loan. The J&K Bank took advantage of the United Breweries-Diageo deal and has managed to recover Rs 90 crore out of the Rs 100-crore loan exposure to the airline........

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