Don't put more money in Jet Airways: Bank union urges government, RBI

The union has decided to request the government, Ministry of Finance and the RBI to direct the banks against lending more money to Jet and also not getting involved in managing the airline

The All India Bank Employees Union (AIBEA) has decided to write to the government and the Reserve Bank of India (RBI) against a consortium of lenders, led by State Bank of India (SBI), over their decision to take control of the cash-strapped Jet Airways and infuse additional money into the beleaguered airline.

C H Venkatachalam, general secretary of the All India Bank Employees Association said that the decision was taken at the bank employees union's central committee meet.

The union has decided to request the government, Ministry of Finance and the RBI to direct the banks against lending more money to Jet