#sunil mehta

[amitbchoudhury]

MSMEs with stressed A/cs to get a lifeline, too

MSMEs with stressed A/cs to get a lifeline, too

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Mumbai: The special package for micro, small and medium enterprises (MSMEs) will also include accounts that are stressed or are on the verge of being declared nonperforming (NPAs), throwing a lifeline to these companies. Details of the scheme are still being worked out with the Small Industries Development Bank of India(Sidbi), which is likely to be the nodal agency for the implementation.

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[smestreet]

PNB Led Consortium of Lenders to Fund Rs 500 CR to Jet Airways

#PNB Led Consortium of #Lenders to #Fund Rs 500 CR to #Jet_Airways

A consortium of banks is considering an interim funding of Rs 500 crore for debt-laden Jet Airways but a final decision is yet to be taken, Punjab National Bank Managing Director Sunil Mehta said.

PNB is part of the lenders’ consortium, led by State Bank of India (SBI), that has extended loans to the airline.

The full service carrier is looking to raise funds and restructure its debt.

Regarding…

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