{"id":148278,"date":"2024-10-05T23:11:07","date_gmt":"2024-10-05T23:11:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/05\/mtnl-defaults-on-repayment-of-rs-326cr-sbi-declares-it-npa-times-of-india\/"},"modified":"2024-10-05T23:11:07","modified_gmt":"2024-10-05T23:11:07","slug":"mtnl-defaults-on-repayment-of-rs-326cr-sbi-declares-it-npa-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/05\/mtnl-defaults-on-repayment-of-rs-326cr-sbi-declares-it-npa-times-of-india\/","title":{"rendered":"MTNL defaults on repayment of Rs 326cr, SBI declares it NPA &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/msid-113973843,imgsize-13336,width-400,resizemode-4\/113973843.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"MTNL defaults on repayment of Rs 326cr, SBI declares it NPA &#8211; Times of India\" title=\"MTNL defaults on repayment of Rs 326cr, SBI declares it NPA &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>NEW DELHI: 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 filing.<br \/>The total outstanding on the MTNL loan account was Rs 326 crore as of Sept 30, according to the <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/sbi\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">SBI<\/a> letter dated Oct 1 shared by the company with the stock exchanges.<br \/>Banks classify those accounts as <!-- -->NPA<!-- --> &#8211; sub standard category accounts whose default period is less than 12 months and have the potential to clear dues.<br \/>SBI, in the letter, said that Rs 282 crore is overdue, which needs to be paid immediately to regularise the account. It has sought the status of govt assurance to clear MTNL dues.<br \/>SBI has sought details of the monetisation projects MTNL is working on, including its agreement with NBCC to develop 13.88 acres of land in Delhi into a residential and commercial space. SBI said it will be forced to take legal action against the state-owned telecom firm if it fails to make payment. <\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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