Investors stare at ₹1.8 lakh crore loss if Vodafone Idea collapses

The Centre is discussing ways to keep Vodafone Idea Ltd (VIL) afloat, including cash infusion, to minimise stress in the telecom sector. The lenders, both public and private, stare at a loss of ₹1.8 lakh crore in case VIL collapses.

News agency PTI reported that Department of Telecommunications (DoT) officials and senior bankers held a meeting on the issue on Friday. Officials of State Bank of India and Bank of Baroda were part of the meeting, according to PTI.

The finance ministry has asked public sector banks to collate and submit data related to their debt exposure to the telecom sector in general and VIL in particular.