Grounded Jet Airways India Ltd. aircraft. (Photographer: Dhiraj Singh/Bloomberg)
Late 2018, State Bank of India's head office at Nariman Point, Mumbai, became a beehive of activity. News of a severe cash crunch at Jet Airways Ltd., India's largest private airline at the time, was spreading fast and the responsibility of finding a solution fell on bankers led by SBI. Multiple unfruitful meetings later, tempers were running high among bankers and the stakeholders of the airline. Not only were bankers trying to conv...