Private lenders IDFC First Bank NSE -1.12 % and Yes Bank NSE -3.75 % and state-owned Indian Bank NSE 0.63 % have put their loans to SpiceJet Ltd NSE -4.53 % in the high-risk category, in the latest setback for the airline, people with knowledge of the matter told news agency Reuters. However, in a stock exchange filing post stock market closure, called the report false and baseless.
“SpiceJet would like to state that the article is absolutely false and baseless. None of our banks has put our account on high risk or alert. The same has been confirmed to us by our lenders. It is unfortunate that the story was run despite our strong denial and no official comment from any of our banks,” the company clarified.
