Apropos the report "UBI declares Mallya wilful defaulter" (September 2), it is surprising that only the United Bank of India, which has lent Rs 400 crore, has categorised Vijay Mallya and Kingfisher Airlines as wilful defaulters, while the other members of the consortium have been lethargic in doing so. What about the State Bank of India, which has an exposure of more than Rs 7000 crore? And when all this is happening, what is the role of the Reserve Bank of India, which comes to know of such developments - not through the media, but through advance communication from member banks?
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Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201 · E-mail: letters@bsmail.in
All letters must have a postal address and telephone number