PNB not the only bank to declare me a defaulter, will do what I have to do: Mallya

It’s been a few days that Punjab National Bank declared Vijay Mallya a 'wilful defaulter', but the liquor tycoon Vijay Mallya has said that "PNB is not the only bank and he will do what he has to do".

The man who is known for his flamboyance and hosting lavish parties even when his companies have been declared to be defaulters by lenders, Mallya said that he won’t comment on people’s "perception" about his lifestyle.

He, however, said that he does want to settle his accounts with banks.

After United Bank of India and SBI, PNB is the third public sector bank to declare now defunct Kingfisher Airline and its two guarantors - United Breweries (Holdings) Ltd and Mallya - as wilful defaulters.

He also refused to comment on RBI Governor Raghuram Rajan's recent comment on lavish birthday parties thrown by loan defaulters.

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