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MTNL LOANS
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...
- 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 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...
- Punjab and Sind Bank classifies MTNL accounts as non-performing assetsPunjab and Sind Bank (PSB) has notified that Mahanagar Telephone Nigam Limited (MTNL) accounts are now classified as Non-Performing Assets ...
- 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...
- PNB downgrades MTNL's loan accounts to NPA over non-payment of interest, instalmentMahanagar Telephone Nigam Ltd (MTNL) faces fresh trouble as its loan account with Punjab National Bank (PNB) has been downgraded to a Non-P...
- 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 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 debt liability at Rs 7,666 crore, MTNL's at Rs 13,529.62 croreTelecom Minister Ravi Shankar Prasad in a written reply to Lok Sabha said that BSNL's debt is mainly due to its capital expenditure require...
- Debt management: DoT may offer Rs 11,000 crore loan to address BSNL’s concernsDoT’s plans to deal with MTNL’s debt come at a time when the govt is weighing the pros and cons of delisting MTNL and merging it into unlis...
- BSNL-MTNL Merger: Department of Telecom weighing optionsDepartment of telecom may first delist MTNL or list BSNL and finalise a merger swap ratio based on the valuation of the two state-run telcos
- GoM asks govt to loan BSNL & MTNL to pay up salariesBSNL’s annual salary bill in 2013-14 is likely to touch nearly Rs 14,000 crore while MTNL’s is envisaged at roughly Rs 1900 crore.
- BSNL, MTNL hit by competition, rising costs: GovernmentCiting reasons for losses, Deora said the revenue has decreased because of fixed to mobile substitution and stiff competition.
- MTNL raises Rs 500 cr from banks to repay debtsMTNL to raise Rs 500 crore from various banks that will be used to repay debts and meet operational expenses.
- MTNL to rejig marketing, customer care operations in Delhi & Mumbai to achieve 25% revenue jumpState-run Mahanagar Telephone Nigam Ltd (MTNL) is about to overhaul its marketing and customer care operations in Delhi and Mumbai.
- MTNL invites EoI to raise Rs 1,500 cr via long-term loansMTNL has invited EoI from banks for providing long-term loans of Rs 1,500 crore to repay its debts and meet operational expenses.
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