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SBI, with ₹1,600cr exposure to Jet Airways, may loan ₹1,500cr more
short by Krishna Veera Vanamali / on Saturday, 5 January, 2019
Debt-laden Jet Airways is reportedly close to reaching a deal with SBI for a fresh loan of ₹1,500 crore to meet its working capital needs. The state-owned bank already has an exposure of about ₹1,600 crore to the struggling airline. The fresh loan is subject to the bank satisfactorily completing a forensic audit of the airline's books, reports added.
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