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Government asked banks to save Jet Airways, avoid bankruptcy

Updated : March 19, 2019 02:40 PM IST

The finance ministry has in the past year sought regular updates from the banks, led by State Bank of India (SBI), on Jet's financial health, the people said. In recent months, the banks have provided weekly updates about a revival plan and also sought government advice, the people added.
"Top officials at the finance ministry seek regular updates on the issue," said an official at one of Jet's lenders, who did not want to be identified as discussions are private.
Government asked banks to save Jet Airways, avoid bankruptcy
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