MTNL defaults on Rs 8,585-crore loan payment from 7 PSBs
State-run telecom operator Mahanagar Telephone Nigam has formally disclosed defaults in principal and interest payments to seven public sector banks amounting to Rs 8,584.93 crore.
The seven affected public sector banks are: Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab & Sind Bank, and Indian Overseas Bank, the company informed the stock exchanges on Tuesday. The overdue principal amount with the seven public sector lenders stood at Rs 1,868.61 crore, the filing said.
