MTNL defaults on repayment of Rs 326cr, SBI declares it NPA

State Bank of India has classified MTNL’s loan accounts as sub-standard non-performing assets due to missed payments since June 30. MTNL owes Rs 326 crore, with Rs 282 crore overdue. SBI demands immediate payment and has warned of legal action while seeking updates on MTNL’s monetisation projects, including a land development deal with NBCC.