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Jet under lens for lapses in loan disclosure

NEW DELHI:In mounting troubles for crisis-hit Jet Airways, the airline and some credit rating agencies have come under regulatory scanner for alleged lapses in timely disclosure of default risk of loans worth Rs 11,000 crore taken from state-owned as well as private sector banks, officials said.

New Delhi, August 13

In mounting troubles for crisis-hit Jet Airways, the airline and some credit rating agencies have come under regulatory scanner for alleged lapses in timely disclosure of default risk of loans worth Rs 11,000 crore taken from state-owned as well as private sector banks, officials said.

While the concerned accounts are believed to have been standardised now, it has been alleged that they were in default on multiple occasions during the quarter ended June 30 and are continuously on watch list. — PTI

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