Jet Airways has not yet asked the bank for funds: SBI chairman

Beleaguered carrier Jet Airways Ltd has not yet approached State Bank of India (SBI) for any funds, the chairman of the country`s top bank said on Tuesday, according to television channel CNBC-TV18.

Jet, India`s biggest full-service carrier, told staff earlier this month it was running out of money, a source had told Reuters, but it has denied this and said it is confident of cutting costs and keeping its planes flying.

Shares in Jet, India`s biggest full-service carrier, hit a three-year low on Friday after it deferred its earnings report due the previous day.

SBI chairman Rajnish Kumar said Jet`s account with the bank is `standard`, according to CNBC-TV18.

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