Jet loan restructuring to be under Sashakt scheme

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Jet loan

Jet loan restructuring to be under Sashakt scheme.

Lenders of the cash strapped Jet AirwaysNSE 7.18 % will restructure loans given to the airline under the ‘Sashakt’ scheme, State Bank of IndiaNSE -3.15 % (SBI) Chairman Rajnish Kumar said on Friday.

Speaking at a concall after the third quarter earning results on Friday, Kumar said the debt recast proposal would go to the screening panel of Indian Banks’ Association (IBA).

Recently, Jet Airways has been in a tight spot financially as a rescue plan is said to be stitched between ..

 

 

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