SBI classifies MTNL loan account as sub-standard NPA; threatens legal action

State Bank of India has declared loan accounts of debt-ridden state-owned MTNL as sub-standard non-performing assets due to non-payment of instalments and interest since June 30, the telecom firm said in a regulatory filing. The total outstanding on the MTNL loan account was Rs 325.52 crore as of September 30, according to the SBI letter dated October 1 shared by the company with the stock exchanges.