Articles for tag: bank actions, financial support, telecommunications

Rajiv Sharma

Punjab and Sind Bank declares MTNL accounts as NPA, shares rise 4%

Punjab and Sind Bank declares MTNL accounts as NPA, shares rise 4%

MTNL (Mahanagar Telephone Nigam Limited) has been facing significant financial challenges, prompting various banks, including Punjab National Bank and Union Bank, to take action against the company for non-payment of dues. The Indian government, recognizing the importance of this telecommunications service provider, has allocated ₹3,668.97 crore in the budget to cover the principal amount of ...