UBI Serious About Recovering Kingfisher Dues: Srinivas

Posted By: Religare
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United Bank of India is serious about recovering the dues from Vijay Mallya's defunct Kingfisher Airlines against which it was fighting a legal battle, an official of the public sector lender said as per the PTI report.

UBI Serious About Recovering Kingfisher Dues: Srinivas
"We are extremely serious about recovering our money from not only Kingfisher Airlines but from all NPA borrowers", UBI MD and CEO P Srinivas said in a statement.

He said that the bank was fighting a legal battle against the defunct airline and already declared their corporate guarantor a wilful defaulter.

UBI would give more focus on the SME and retail segments, he said.

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