MTNL defaults on Rs 8,585 Crore loan to seven PSU banks, fails to repay principal, interest
New Delhi [India] July 16 (ANI): State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling Rs 8,585 crore.
The telecom company shared the information in an exchange filing.
The seven lender banks are Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank.
