MTNL has defaulted on a Rs 1,000 crore loan from Bank of India, leading the bank to set aside Rs 200 crore to cover potential losses. This comes after SBI categorized its loans to MTNL as sub-standard. Despite the default, lenders are optimistic about recovery as MTNL is government-owned and some loans are backed by government guarantees.from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZQjvENH
No comments:
Post a Comment