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Loans defaulter Vijay Mallya said he is in "forced exile" and has no plans to leave Britain, He also wants a "reasonable" settlement with banks he allegedly owes Rs 9,000 crores to, he said in an interview in London based daily.

"We have always been in dialogue with banks saying: 'We wish to settle'. But we wish to settle at a reasonable number that we can afford and banks can justify on the basis of settlements done before," Mallya told media in London. Mallya, 60, flew first class from Delhi to London on March 2 at a time when the government and a 17-bank consortium are trying to recover the money owed by his collapsed Kingfisher Airlines Ltd.

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