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MTNL LOAN DEFAULT
MTNL bank loan default reaches Rs 8,659 crore in JulyMahanagar Telephone Nigam Limited faces financial strain. The telecom company defaulted on loan repayments. The amount is 86.59 billion rup...- ET Graphics: MTNL’s debt crisis deepens despite revival effortsBurdened by operational challenges and shrinking market share, Mahanagar Telephone Nigam (MTNL) has defaulted on loans amounting to Rs 8,58...
- MTNL defaults on ₹8,585 crore principal and interest dues to 7 PSU banks as of June 2025Telecom operator MTNL has defaulted on payments of ₹8,585 crore to several public sector banks, including Union Bank of India and Bank of I...
- Cabinet secretary to hold meeting next week on MTNL revivalCabinet Secretary TV Somanathan will convene a meeting next week to address the financial woes of MTNL, which faces significant loan defaul...
- Banks grappling with increasing losses from MTNLLate on Saturday last week, MTNL said it had defaulted on loan repayments of more than ₹8,346 crore to multiple banks led by Union Bank of ...
- MTNL defaults on Rs 8,346 crore in bank loans; total indebtedness reaches Rs 33,568 croreMTNL has defaulted on loan repayments exceeding Rs 8,300 crore to a consortium of banks, including Union Bank of India and State Bank of In...
- MTNL shares rally 19% as government clears Rs 16,000 crore asset monetizationMTNL share price: MTNL has been grappling with a growing debt burden. As of August 30, 2024, the company's total debt amounted to Rs 31,944...
- MTNL defaults on Rs 5,726 cr loans; total debt at Rs 32,097 crMTNL, the state-owned telecom company, has defaulted on a payment of Rs 5,726.29 crore owed to various banks. The company's total debt has ...
- MTNL defaults on Rs 1,000 crore loan, Bank of India makes provisionBank of India has set aside Rs 200 crore after MTNL, a government-owned telecom company, defaulted on a Rs 1,000 crore loan. MTNL's financi...
- Govt steps in to pay interest on MTNL bondMTNL informed investors that its debt obligations for the upcoming semi-annual interest payment on its 7.80% bond have been made for Series...
- SBI classifies MTNL loan a/c as sub-standard NPA; threatens legal actionState Bank of India classified MTNL's loan accounts as sub-standard non-performing assets due to non-payment since June 30. With a total ou...
- Rescue package on the cards for MTNL, RINL; committee to take final call on servicing MTNL debt of nearly Rs 8,000 crThe government is considering bailout plans for MTNL and RINL, with discussions involving the finance ministry. A committee will decide on ...
- Union Bank freezes accounts of state-run telecom firm MTNL over non-payment of duesAccording to the details shared by MTNL, it has defaulted on the payment of Rs 155.76 crore on debt raised from Union Bank of India, Rs 140...
- MTNL defaults on Rs 422 crore bank loan paymentsState-owned telecom company MTNL defaulted on bank loan payments of Rs 422.05 crore, including Rs 328.75 crore on the principal and Rs 93.3...
- MTNL fails to pay Rs 35.15 crore interest to Union Bank of IndiaMTNL has reported a narrowing of consolidated loss to Rs 653 crore in the June 2022 quarter. It had posted a loss of Rs 688.69 crore in the...
- BSNL engineers to Modi: Take measures to revive firm, reward performersThe association also stressed on a performance-based mechanism for BSNL employees so that good performers can be rewarded and non-performer...
- Telecom debt not systemic risk to banks: FitchFitch said that though some cos like RCom are facing difficulties, others like Airtel, Vodafone, Idea and even Tata Telecom are in a much b...
- Jyoti will clear dues by December, SBI assures bondholdersET has gone through the letter sent by IDBI Trusteeship Services to bondholders that summarises takeaways from the minutes of a meeting hel...
- Toxicity of corporate defaults spreading beyond banking system to endowments and provident fundsThe toxicity of corporate defaults is spreading beyond the banking system to endowments and provident funds as the latest default by EPC co...
- Stocks to watch: Zydus Cadilla, JP Associates, JSW Steel, MTNL, RIL, Tata Steel, MMTC, Take SolutionsPfizer has approached several Indian drugmakers for possible alliances as part of moves to try and bolster revenues threatened by the expir...
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