UCO Bank mulls sending wilful defaulter notice to Kingfisher Airlines

State-owned UCO Bank on Thursday said that it was mulling options of sending a wilful defaulter notice to debt-ridden Kingfisher Airlines, owned by Vijay Mallya.

"We are weighing the possibility of sending wilful defaulter notice to Kingfisher Airlines. The bank's exposure to the company is Rs 400 crore," CMD of UCO Bank Arun Kaul told reporters on the sidelines of CII Banking Colloquium in Kolkata.

United Bank of India has already declared the now-grounded KFA as wilful defaulter while State Bank of India (SBI), Punjab National Bank (PNB) and IDBI have initiated such a move.