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SBI, PNB ready to infuse Rs 500 crore in emergency funding for Jet Airways, says report

Updated : February 22, 2019 10:23 AM IST

State-owned banks State Bank of India (SBI) and Punjab National bank (PNB) have agreed to infuse Rs 500 crore in emergency funding to Jet Airways
The banks are likely to convert a part of the debt into 11.4 crore shares by paying a token Rs 1 apiece based on RBI restructuring guidelines
SBI, PNB ready to infuse Rs 500 crore in emergency funding for Jet Airways, says report
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