MTNL loan account’s total outstanding was ₹325.52 crore as of September 30, according to the SBI letter dated October 1

State Bank of India has classified MTNL's loan accounts as sub-standard non-performing assets due to outstanding payments. With Rs 325.52 crore owed, SBI demands immediate repayment. The situation threatens legal action against MTNL,

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.

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.

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.

"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, due to non-payment of interest and instalment," MTNL was quoted as saying by PTI.

Several banks have taken action against MTNL for non-payment of dues, including Punjab National Bank and Union Bank

State Bank of India classified MTNL's loan accounts as sub-standard non-performing assets due to non-payment since June 30. With a total outstanding of Rs 325.52 crore, SBI warned legal actions if dues remain unpaid,

SBI has declared MTNL's loan accounts as sub-standard NPAs due to non-payment of installments and interest. The bank has threatened legal action if MTNL fails to make scheduled payments.

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.