Debt-laden BSNL secures Rs 3000 crore loan from SBI

State-run BSNL has secured a Rs 3,000-crore loan from State Bank of India (SBI), which will enable it to clear some vendor dues and salaries.

As per an official in BSNL, the loan was sanctioned a couple of weeks ago and Rs 2,500 crore has been utilised 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.