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Jet crisis: From SBI to IOB, PSBs to be hit hardest if there's no buyer

Any potential buyer of Jet would be staring at a total debt of around Rs 11,000 crore unless they get substantial write-offs

Topics
Jet Airways Crisis  |  Jet Airways  |  Jet Airways Sale

Surajeet Das Gupta  |  New Delhi 



SBI

Public sector banks (PSBs), which account for 70 per cent of the over Rs 7,000-crore loan given to Jet Airways, will take the biggest hit if no buyer is found for the ailing and now temporarily shut airline. According to sources, and together comprise around 53 per cent of the total loan exposure. The other PSBs which have lent heavily to Jet include Canara Bank, Indian Overseas Bank and Bank of India. Amongst the private banks, YES Bank has the largest loan exposure, followed by ICICI Bank and IDBI Bank.

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First Published: Mon, April 22 2019. 00:54 IST

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