{"id":264556,"date":"2019-03-15T07:27:43","date_gmt":"2019-03-15T07:27:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264556"},"modified":"2019-03-15T07:27:43","modified_gmt":"2019-03-15T07:27:43","slug":"decision-on-funding-to-jet-airways-will-be-on-collective-basis-says-pnb","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/decision-on-funding-to-jet-airways-will-be-on-collective-basis-says-pnb\/","title":{"rendered":"Decision on funding to Jet Airways will be on collective basis, says PNB"},"content":{"rendered":"<p>Mumbai: State-run Punjab National Bank (PNB) on 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 Rs 2,050 crore of emergency funding to Jet Airways, for which lenders are considering a resolution plan under Project Sashakt.<\/p>\n<p>In a filing to exchanges, Jet Airways had earlier clarified it has not received any fresh loan from PNB. &#8220;No, we are going (on decision to lend further to Jet Airways) collectively. The resolution will come with the participation of the stakeholders and we are working on it,&#8221; the bank&#8217;s managing director and CEO, Sunil Mehta, told reporters when asked whether the lender was considering fresh funds to the loss-making Carrier on a standalone basis. Mehta was speaking at the sidelines of the Ficci-IBA event here Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: State-run Punjab National Bank (PNB) on 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 Rs 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. &#8220;No, we are going (on decision to lend further to Jet Airways) collectively. The resolution will [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-264556","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264556"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264556\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}