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public sector banks News

MTNL Faces Financial Crisis: Defaults on Rs 8,346 Crore Loans from Public Sector Banks

Olivia Carter 21 Apr, 2025

MTNL, a state-run telecom firm, has defaulted on loans worth Rs 8,346 crore from seven public sector banks, with total debt reaching Rs 33,568 crore by March 2025. The default incl...

Business

New Banking Laws Strengthen Governance and Protect Investors

Jessica Bennett 09 Dec, 2024

Finance Minister Nirmala Sitharaman announced that public sector banks are now safe and stable, following the Lok Sabha's approval of amendments to banking laws. These amendments i...