MUMBAI: State Bank of India (SBINSE 2.23 %) chairman Rajnish Kumar is confident that the restructuring of debt laden Jet AirwaysNSE -1.11 % could yield results as soon as the next one week. Without giving details, Kumar who is personally monitoring the restructuring as the chief of the bank with the largest exposure to the beleaguered airline said that the process which started in November is progressing well.
“SBI’s desire is that the airline keeps on running. The bank led effort is to see that the resolution plan happens…it should not take a month…in the next one week you should have something,” Kumar told reporters on the side lines of a function at the bank headquarters.
