No more loans for Kingfisher Airlines

Kingfisher Airlines is looking for bank funding to get rid of the issue. As of now the company is in trouble in paying the dues for Airport Authority, Salary dues, existing loans. In this financial instability they are expecting a fund from major banks for which the banks denied as the existing loans are nit closed and at present the kingfisher airlines has cancelled many number of flight operations in both domestic and international. So they are not performing well in the aviation industry. Most of the major banks in india including State Bank of India
(SBI), Punjab National Bank (PNB) and Bank of Baroda have identified loans to Kingfisher as non-performing and they may not be able to repay the money on time. According to asset classification norms by Reserve Bank of India (RBI), an account becomes non-performing if the principal and/or interest are due for more than 90 days.
They immediately need Rs 2,500 cr as working-capital loans to clear its dues and get back on track.
Kingfisher’s share price has gone down drastically in the past one month from Rs 29.15 to Rs 17.95 and many stock broking firms suggests to sell it off
Stock Name: Kingfisher Airlines Ltd
Script code: 532747
Last traded Price: Rs17.95