SBI classifies MTNL loan as NPA over non-payment of dues worth Rs 325.52 crore

Mahanagar Telephone Nigam Ltd (MTNL) has been classified as a non-performing asset (NPA) by the State Bank of India (SBI) because of the non-payment of dues worth ₹325.52 crore that include both principal and interest.

This was disclosed by the state-owned telecom firm in a regulatory filing to the stock exchanges.

An SBI letter to MTNL said that instalment and interest payment in the term loan account had become overdue as on September 30, 2024 because of the non-payment of the amount which was due as on June 30, 2024.