SBI Chairman Says Jet Airways Has Not Yet Asked Bank For Funds: Report

New Delhi: Beleaguered carrier Jet Airways 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.

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

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.

Jet Airways shares fell as much as 3 per cent on Tuesday. At 2:51 pm, Jet Airways shares were trading 1.3 per cent lower at Rs 282.95 apiece on the NSE, whose benchmark index Nifty 81 points, or 0.7 per cent, higher.