Decision on funding to Jet Airways to be on collective basis, says PNB
Mumbai: State-run Punjab National Bank (PNB) Wednesday said any decision to provide emergency funds to cash-strapped Jet Airways will be taken collectively by the lenders and not on a standalone basis.
The assertion comes in the backdrop of media reports that PNB had approved ₹2,050 crore of emergency funding to Jet Airways, for which lenders are considering a resolution plan under Project Sashakt.
In a filing to exchanges, Jet Airways had earlier clarified it has not received any fresh loan from PNB.
