PNB awaits SBI resolution plan on Jet Airways

MUMBAI -Punjab National Bank, the second largest lender to troubled Jet AirwaysNSE 1.13 %, along with other overseas lenders are awaiting a resolution plan being worked out under the aegis of the State Bank of IndiaNSE 0.52 %, the largest lender to the country’s second largest private sector aviation company.

The state-owned lender has not granted any new credit to the airline.

“SBI is the lead bank, which is (in the process of) finalising the resolution plan. PNB will take the final call after going through the resolution plan,” Rajeev Puri, general manager (zonal manager – Mumbai), Punjab National BankNSE 0.47 % told ET.