MTNL stock plunges after SBI labels PSU an NPA amid Rs 325.53 crore debt
MTNL shares hit the lower circuit after being classified as a non-performing asset (NPA) by SBI, with total debt of Rs 31,944.51 crore and outstanding payments to several banks.
SBI Classifies MTNL Account To NPA On Rs 282 Crore Default
SBI has also sought MTNL's response to media reports where it is stated that government will pay MTNL dues, and the Department of Telecom assured there will be no default.
SBI classifies MTNL as non-performing account after repayment default, threatens legal action
Mahanagar Telephone Nigam Ltd. (MTNL) has defaulted on a loan to State Bank of India (SBI), leading to its classification as a Non-Performing Asset. SBI demands immediate payment and warns of potential legal action if dues remain unpaid.
SBI declares MTNL loan as NPA due to payment default
The State Bank of India (SBI) has declared loans given to state-owned Mahanagar Telecom Nigam Limited (MTNL) as a sub-standard non-performing asset (NPA) due to default in re-payment. According to a letter from SBI,
MTNL defaults on repayment of Rs 326cr, SBI declares it NPA
State Bank of India has classified MTNL's loan accounts as sub-standard non-performing assets due to missed payments since June 30. MTNL owes Rs 326 c
SBI declares MTNL a non-performing asset amid Rs 325.53 crore debt
SBI warns telecom firm MTNL that payment failure would result in a penal interest rate being applied to the outstanding balance
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