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'No plans to lend more to Kingfisher'

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Reuters

State Bank of India has no plans to lend more to debt-laden Kingfisher Airlines, finance minister Pranab Mukherjee said on Tuesday. The airline had cleared all its tax and interest dues up to August 2011, Mukherjee told lawmakers in a written reply. The airline, with a debt of about $1.3 bn, needs at least $400 mn to keep flying.

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First Published: Mar 14 2012 | 12:00 AM IST

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