SBI declares MTNL a non-performing asset amid Rs 325.53 crore debt

Mahanagar Telephone Nigam Limited (MTNL), a Central Public Sector Enterprise, has officially been classified as a non-performing asset (NPA) by the State Bank of India (SBI), the telecom firm confirmed in an exchange filing. The bank added that MTNL now owed a total of Rs 325.53 crore as of September 30. This declaration follows a similar downgrade by Punjab National Bank (PNB) on September 9 and other public sector banks.