MUMBAI: Vijay Mallya is keen for a “reasonable” settlement with banks and close a painful chapter in his otherwise spectacular career, the beleaguered liquor baron has said in an interview.Mallya, however, said he has no plans to leave the UK and return to India as he is in “forced exile” after the government revoked his passport. “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 English daily Financial Times in London.“By taking my passport or arresting me, they are not getting money,” he was quoted as saying even as the Indian government has requested the UK to deport him.Mallya confirmed that in a submission before the Supreme Court he had offered to repay £440 million (Rs 4,000 crore) on outstanding principal of £512 million, or about Rs 4,900 crore, his defunct airline Kingfisher Airlines had borrowed from banks. Lenders, who claim payable dues of Rs 9,000 crore from the tycoon, rejected the offer.Mallya claimed that banks were afraid to take a haircut on their loans owing to public frenzy whipped against him. ‘’It is important to understand the environment in India today. The electronic media is playing a huge role not just in moulding public opinion but in inflaming the government to a very large extent,” he said.Mallya also alleged that the claimed sum was an “inflated amount”. He claimed that the actual principal borrowed was a little over £500 million while interest as of 2013, when legal skirmishes over repayment began, was £120 million, or about Rs 1,150 crore. “It is grossly unjust to apply compound interest and artificially inflate this figure,” he said.On Enforcement Directorate's suspicion that he diverted part of aRs 900 crore loan (£90 million) from IDBI Bank overseas, Mallya said, “I am absolutely not guilty of any of these preposterous charges of diverting funds from Kingfisher, buying properties or stuff like that.”Calling himself an Indian patriot, Mallya said until the outcry around him continues, he is more than happy to stay safe in the UK.