All biz newspapers were screaming impending relief to beleaguered airline Kingfisher courtesy fresh loans and guarantees from banks. It stumps common sense why would banks give loans to an entity whose earlier loans have just turned bad. By evening TV channels were asking - Why should SBI bail out Kingfisher? Now it appears SBI has said no to fresh loans.
What was the basis of earlier news that banks are ready to hand over another cheque which was nothing but throwing good money after bad money?
Why did the banks change their mind?
Or did someone else change his mind?
What was the basis of earlier news that banks are ready to hand over another cheque which was nothing but throwing good money after bad money?
Why did the banks change their mind?
Or did someone else change his mind?
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