 "Rajnish Kumar MD, National Banking Group, State Bank of India")
State Bank of India (SBI) Chairman Rajnish Kumar was caught in a complex situation where the two promoters of Jet Airways didn’t see eye-to-eye, in the process threatening to ground a resolution process for the airline. He needed to find a Plan B. In an interview with Arindam Majumder, he explains the contours of the resolution process and why he believes investment in Jet makes sense for a new buyer. Edited excerpts:
There are some concerns over why the loan of Rs 1,500 crore has been extended. What is the collateral you have considered?
We have secured the entire loan.
