The SBI chief said the bank was comfortable on the liquidity front.
The apex court also put forth questions why loans were given to Mallya when he was a defaulter.
DGCA summons airline's officials on safety issues.
Janata Dal-United president Sharad Yadav has demanded that a case under 302 of Indian Penal Code (punishment for murder) should be filed against Vijay Mallya in connection with the suicide case of the wife of a Kingfisher Airlines employee.
The airline on Thursday night extended its partial lockout till October 12 as talks between its management and employees failed to break the deadlock over non-payment of salaries for the last seven months.
For the last five days, operations of the airline have been grounded completely due to a strike called by the engineers and a section of pilots demanding immediate release of salaries stuck for over seven months.
If standard accounting standards were followed, the loss would have been about Rs 1,090 crore.
The airline has suspended all operations till Thursday.
The Reserve Bank of India (RBI) has asked banks not to treat Kingfisher Airlines' brand as collateral since it is intangible. This is because the loan has turned non-performing for most of the banks.
On Saturday, bankers met the KFA management in yet another inconclusive meeting.
Kingfisher had been asked to give its repayment plan in that meeting, failing which the lenders would not be shy of starting the process to sell its assets pledged with them, bankers said.
Embattled liquor tycoon Vijay Mallya on Monday lost his high court appeal against his extradition order to India in relation to charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.
The message was given to the airline's CEO, Sanjay Aggarwal, at a meeting here on Wednesay.
After hearing Kingfisher's plea, the COMPAT observed that the CCI had acted beyond its scope in the matter and set aside the penalty.
In reply to a question in Rajya Sabha as to whether Air India was eyeing Rs 300 crore (Rs 3 billion) saving via direct fuel import, the Minister said, "AI has not yet decided about import of Air Turbine Fuel directly.
Aviation companies plan to join hands for importing aviation turbine fuel (ATF) in a bid to bring down their fuel bills.
A Kingfisher pilot, who had allegedly flew a woman in cockpit in violation of safety rules from Delhi to Mumbai on Sunday last, has been taken off the duty pending a probe by the airline.
Kingfisher Airlines on Wednesday said it has taken off flights which have been cancelled in a "planned manner" from its booking site following complaints of hardships to passengers.
Kingfisher Airlines, which is already facing a safety audit by the country's civil aviation regulator DGCA, on Thursday came under fresh scrutiny following reports that one of its pilots flew a woman in the cockpit in violation of rules.
Kingfisher Airlines, which is already facing a safety audit by the country's civil aviation regulator DGCA, on Thursday came under fresh scrutiny following reports that one of its pilots flew a woman in the cockpit in violation of rules.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
After doing so to Kingfisher Airlines, the Directorate General of Civil Aviation has issued showcause notices to carriers IndiGo and SpiceJet for having allegedly cancelled flights without informing passengers.
While 22 flights of the airline were cancelled from Delhi, nine were cancelled from Mumbai, sources said.
Kingfisher Airlines on Tuesday decided to suspend all international flights from March 25 and further curtail domestic operations even as government warned the ailing carrier that its flying licence can be cancelled if it failed to meet safety norms.
Lenders had asked the management to come up with a revival plan and $1 billion capital infusion.
Beleaguered Kingfisher Airlines on Wednesday announced further reduction in its flight schedule and said its promoter Vijay Mallya will meet the pilots agitating over delayed salary on Thursday.
Trouble for cash-strapped Kingfisher Airlines again erupted today with at least 30 flights either being cancelled or clubbed as several pilots and other staffers failed to report for work to protest delays in salary payments.
The controversy over a DGCA note on beleaguered Kingfisher Airlines refused to die down with new DGCA chief Prashant Sukul saying there was no such document and his predecessor E K Bharat Bhushan seeking a probe into whether it was removed from the official file.
Worst quarter in a decade, fund crunch, Fitch downgrade and messy NPAs. . . he has had little to cheer about
Domestic passenger traffic fell 15.7 per cent in October.
An analysis of shareholding patterns of three-listed airlines showed that foreign institutional investors have reduced their stakes in Kingfisher and SpiceJet while hiking their holdings in Jet Airways in three months ended December 2011.
Kingfisher Airlines, owned by Indian liquor baron Vijay Mallya, is in talks with two foreign carriers, including International Airlines Group (IAG) -- the owner of British Airways and Iberia -- for a potential rescue package, a report said.
Bankers and the senior management are expected to convene another meeting later this month.
Low-cost carriers (LCCs) like Air Asia and Ryan Air are among the best because they are frugal, have flexibility in operations and certain standardisation of aircraft and operations.
Aviation companies, led by flamboyant Vijay Mallya-promoted Kingfisher Airlines, have been witnessing stress and it has also impacted their debt servicing, with some accounts turning non-performing assets.
Government may have ruled out a bailout package for Kingfisher, but is likely to make sure that the carrier does not shut up shop.
Facing severe turbulence, Kingfisher Airlines today started truncated operations in accordance with its new flight schedule, as aviation regulator DGCA examined its operational details to consider whether to take any punitive action against it for flouting norms.
A section of pilots of Kingfisher Airlines on Tuesday went on a strike over non-payment of salary and other dues for the past five months, forcing cancellation of five flights.
The CBI has launched an initial probe over the loan against both companies, a spokeswoman for the agency said on Saturday.
Civil Aviation Minister Ajit Singh had on Monday ruled out any bailout of the airline.
