SBI declares MTNL account as NPA: Share price down 8% today, 15% in 3 days

MTNL share price declined 7.5 per cent to Rs 48.2 per share on the BSE in Tuesday’s intraday trade. Including today’s loss, MTNL share has tumbled 15.2 per cent in three days as against a 2 per cent dip in the benchmark BSE Sensex index during the period.

On Saturday, October 5, India’s biggest public sector bank (PSB) State Bank of India (SBI) declared MTNL as a non-performing asset (NPA). MTNL owes Rs 325.528 crore to SBI.