Canara Bank and Union Bank of India are not willing to renew their MoUs with BSNL – says CMD BSNL.

BSNLEU is continuously pressurising the Management for the early renewal of the MoUs signed with Canara bank and the Union Bank of India. BSNLEU has written a letter to the CMD BSNL on 04.05.2022 also. This issue was discussed with Shri P.K. Purwar, CMD BSNL, today, by Com.P.Abhimanyu, GS and Com.John Verghese, Dy.GS. The CMD BSNL replied that, he had already personally approached the Canara bank and the Union Bank of India, however both the banks are not willing to renew the MoUs. This may be due to the unstable financial condition of BSNL, said the CMD BSNL. He requested the Union to wait for some months, after which once again the Management will approach both the banks.