Although there is no specific update at present, there are several discussions about the company’s account and it will take some time for all parties to “crystallize the whole problem”, Ashok Chandra, CEO and CEO of Pandjab National Bank, said in an interview.
“We are looking for some resolutions that occur in this account, and some discussions take place at different levels … Something will happen in another 3-4 months,” Chandra said.
MTNL was established in 1986 and provides telecommunications services with a fixed line in Nový Delhi and Mumbai. Her public sector Peer BSNL provides services in the rest of the country. Mtnl owes £474,66 crore to the National Bank of Pandjab.
Telco did not plan for the first time loans 30 June 2024, when his total fees were £7,780,21 crore, according to the publication of the stock exchange. Indian Union Bank of India-Consortions of creditors-classified loans as non-paying assets in August 2024, followed by Bank of India, Punjab National Bank, State Bank of India and UCO Bank in September 2024.
Creditors have a cumulative exposure £8.585 Crore on MTNL k 30th June, according to the regulatory submission of the company.
In the last decade, MTNL has been mounted in the middle of the shrinking customers of landlines and the company’s inability to keep up with the infrastructure procedure by private competitors. Mint 25 July announced that the plans for creditors to purchase real estate from the default Telco and its adjustment against fees stopped because of curbs when selling these assets and land use standards.
Meanwhile, Chandra is optimistic about the proceeds for a year, followed the character for FY26 on Over £16,000 crore. Pure recovery for April-June £3 249 crore.
The creditor saw the slip of the loan worth £1,792 Crore during the quarter, with the largest year -on -year increase in slides, observed in MSME loans. However, Chandra remains optimistic in this industry and claims that small businesses remain one of the biggest borrowing options for the banking sector.
“We focus. We have brought many digital pieces in it and thanks to all these activities we are going to field programs in MSME clusters, various activities are taking place in the field. We are very sure that this sector will contribute to our bank,” he said.
Loans for micro, small and medium -sized enterprises (MSME) for the bank grew by 18.6% year -on -year and in quarter of 4.1% to quarter £1.7 trillion at the end of June 2025.
Also, Chandra does not expect stress in an unsecured credit segment, as the bank’s exposure is limited to personal loans to paid customers, loans for education and credit cards. Overall, they see that the growth of retail loans remains strong through FY26 led by housing, vehicles and educational loans – which remain for the bank, in addition to expectations of selection in agricultural loans in the quarter.
“Overall, for the RAM sector (retail, agriculture, MSME), the sector together, there are many opportunities throughout the geography, and the bank must take this opportunity,” he said.
The bank showed a net profit £1 675 Crore in three months until June, 49% compared to the previous year on the back of the higher income tax provision.
The analysts seemed to have somewhat impressed the performance of the National Bank in Panjab.
Motillaal Oswal pointed out on July 30 that the quality of assets improved with slides that gradually alleviated, although the book SMA (special reference account) increased to 0.15% of home loans.
Depending on the instructions of the Bank of India (RBI), the SMA-0 account refers to loans that have been delayed by 1-30 days, the SMA-1 account concerns loans that have been delayed by 31-60 days and the SMA-2 account concerns loans that have been covered by 61-90 days.
However, Motilal Oswal has reduced his earnings estimates by 12% for FY26 and at the same time repeated the purchase call to the share price £130. PNB shares agreed by 2.5% lower on £105.4 per piece on BSE on Thursday.
Corporate loan
At a time when other large banks, especially privacy creditors, they indicate the fat demand for a corporate loan, she said that PNB has a strong pipeline of sanctioned loans, including the financing of the project where payments occur in the phases.
“There are many project loans where payouts will take place in one year, now two years. That’s why you don’t see a real impact on an exceptional (rental book).
The second largest portfolio of corporate loans in the country in the country grew by 6.9% year -on -year and 1.1% in quarter £4.7 trillion from 30 June.
As of March 31, 2025, the bank was to sanction corporate loans worth £43 000 crore, where there have not been payouts. In FY26 the bank has sanctioned loans so far £48 000 crore and approved loans worth another £38 000 crore, where documentation and processing occur.
“We will assemble all these three categories, we have.” £1.3 trillion of the business loan book, which is sanctioned, for which the payouts will become a gradual way, ”he said, adding that in the project financing the bank looks at loans with holding 2-3 years.
The renewable energy is the main driving force of the corporate demand and, according to Chandra, which stated that the demand comes from segments such as defense, HAM (Hybrid Annuity Model), was classified as a “champage sector” and renting rental discounting, and renting. In addition to renewable energy and defense, the oil industry also records a certain demand for project financing, he said.
(Tagstotranslate) MTNL
