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Big setback for SBI, other banks over Jet Airways debt
Written By Reuters
Published: | Updated:
Debt-laden Jet Airways Ltd has delayed the payment to a consortium of Indian banks, led by State Bank of India Ltd, the airline said late Tuesday.
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Jet Airways and its second-largest shareholder Etihad Airways are in talks with bankers on a rescue deal that may involve the Abu Dhabi-based airline increasing its stake from 24 percent. Image source: PTI
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