India's MTNL falls after Union Bank freezes accounts
29/08/2024 08:55
** Shares of state-run telecom firm Mahanagar Telecom Nigam
Ltd (MTNL) MTNL.NS fall ~2% to 60.5 rupees
** Co on Wednesday said all its accounts with Union Bank of
India UNBK.NS have been frozen as its loan account slipped
into non-performing asset
** No details about the loan accounts were disclosed
** UNBK stock edges 0.1% lower
** With session's loss MTNL trims YTD gains to around 80%
while UNBK is up 3.5%
(Reporting by Hritam Mukherjee in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com;))
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