SBI classifies MTNL loan a/c
SBI classifies MTNL loan a/c as sub-standard NPA; threatens legal action
State Bank of India has declared loan accounts of debt-ridden state-owned MTNL as sub-standard non-performing assets due to non-payment of instalments and interest since June 30, the telecom firm said in a regulatory filing.
SBI classifies MTNL as non-performaning account after repayment default
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.
State Bank of India Classifies MTNL Loan Accounts as Sub-Standard NPA Amid Legal Threats
State Bank of India declares MTNL loan accounts as sub-standard NPA due to non-payment, threatening legal action for overdue Rs 281.62 crore.
SBI downgrades MTNL loan account as sub-standard NPA, threatens legal action
MTNL loan account’s total outstanding was ₹325.52 crore as of September 30, according to the SBI letter dated October 1
SBI classifies MTNL loan account as sub-standard NPA; threatens legal action
"State Bank of India (SBI) vide its letter dated October 1, 2024, has informed that Term Loan Accounts Number 36726658903 of MTNL has changed to NPA - Sub Standard category with effect September 28, 2024,
SBI downgrades MTNL's term loan account to NPA over non-payment of dues
MTNL shared the letter from SBI that stated the total outstanding in the account at over Rs 325.52 crore as on September 30, with an overdue amount of Rs 281.62 crore needed to regularize the account.
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SBI classifies MTNL loan accounts as sub-standard NPA; threatens legal action
Several banks have taken action against MTNL for non-payment of dues, including Punjab National Bank and Union Bank ...