Jet Airways has sunk a debt of six thousand crores, know which bank suffered the most

Naresh Goyal, chairman of Jet Airways, has been arrested by the ED only after getting solid evidence against him. Jet Airways, once the leading domestic airline, has come to the fore in a series of financial frauds in which the role of the airline's owner is visible. As chairman, Goyal made many such payments on which questions are being raised.

Muskan Kumawat
Muskan Kumawat Verified Local Voice • 13 Apr, 2026Journalist
September 2, 2023 • 11:07 PM
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Jet Airways has sunk a debt of six thousand crores, know which bank suffered the most
“Jet Airways has sunk a debt of six thousand crores, know which bank suffered the most”
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2 Sep 2023
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Jet Airways has sunk a debt of six thousand crores, know which bank suffered the most

Jet Airways Chairman Naresh Goyal has been arrested by the investigating agencies only after getting solid evidence against him. Many types of financial irregularities have come to the fore in Jet Airways, once considered the head of the domestic airline, and Goyal's role is also directly visible in this.

Not only has Goyal himself, as chairman, made a number of financial payments that have raised questions, but he has also ensured that some of his family members are also paid from the company's account.

Amit Agarwal, former CFO of Jet Airways, has admitted before the Enforcement Directorate that payments to some dubious consultants and professional companies were made only after the instructions and approval of Chairman Goyal. Several payments were made to these companies directly on the instructions of Goyal without any information being given to the finance department of Jet Airways.

A total of Rs 5,951.46 crore of three private and six public sector banks have sunk into Jet Airways. SBI has a maximum loss of Rs 1636.23 crore. Yes Bank Rs 1084.44 crore, PNB Rs 956.11 crore, IDBI Bank Rs 594.43 crore, Canara Bank Rs 543.61 crore and ICICI Bank Rs 529.05 crore, Bank of India Rs 266.12 crore, Indian Overseas Bank Rs 171.74 crore and Syndicate Bank has lost Rs 169.73 crore.

Muskan Kumawat

Muskan Kumawat Verified Local Voice • 13 Apr, 2026Journalist

Journalist & Writer

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