Business Standard

Monday, February 17, 2025 | 07:47 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

With loans to MTNL turning into NPAs, PSBs may agree to 20% haircut

They have Rs 8,144 cr exposure to troubled telco

MTNL
Premium

Illustration: Binay Sinha

Harsh Kumar New Delhi

Listen to This Article

Public sector lenders to the ailing Mahanagar Telephone Nigam Ltd (MTNL) may agree to a 20 per cent haircut on their Rs 8,144 crore exposure to the state-owned telecom firm, with the loans turning into non-performing assets (NPAs).
 
The joint lenders’ forum for MTNL, comprising seven public sector banks (PSBs), recently discussed the matter and communicated its stance to the Department of Financial Services, multiple sources said.
 
“MTNL had offered to pay 40 per cent of its dues with a 60 per cent haircut to the PSBs a few months ago. But the proposal wasn’t acceptable to us. As a

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in