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Debt-laden BSNL secures Rs 3000 crore loan from SBI

Debt-laden BSNL secures Rs 3000 crore loan from SBI

Tuesday, January 21, 2020, 10:25 AM

State-run BSNL has secured an Rs.3,000-crore loan from SBI, which will enable it to clear some vendor dues and salaries. As per an official, the loan was sanctioned a couple of weeks ago and Rs.2,500-crore has been utilized so far, of which Rs.1,700-crore went towards clearing dues of some of the vendors. The remaining '500-crore can be used for paying salaries for December.
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