DoT Steps In With Banks Trying to Solve Telcos Finance Issues

DoT Vodafone Idea Banks

The situation with Vodafone Idea in the telecom industry seems to be growing grimmer with each passing moment. The question looms over the telecom operator whether or not it might go under. If this happens, not only will it be a big hit for the consumers, but the lenders of the company will also be facing the brunt of the collapse. Being a big name in the telecom industry, Vodafone Idea’s lenders include both private and public banks. As such, they have a lot of exposure in the business. To tackle this challenge, the Department of Telecommunications (DoT) is holding meetings with the head of banks to discuss the possible solution for the telecom industry and more specifically Vodafone Idea.

Related Coverage
cheapest 5gplans compared jio airtel vodafoneidea june2026 Cheapest 5G Plans Compared: Jio vs Airtel vs Vodafone Idea in June 2026 vodafone idea rs798 football worldcup seasonpass zee5 Vi Launches Rs 798 Football World Cup Season Pass With ZEE5 Access Vodafone Idea Expands 5G Footprint in Punjab, Launches Services in Ludhiana, Jalandhar, and Patiala Vodafone Idea Expands 5G in Punjab, Launches Services in Ludhiana, Jalandhar, and Patiala
  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

Banks Trying to Reduce Exposure in VIL

As per the ET Telecom report on the matter, DoT held a meeting with the CMDs of banks like the State Bank of India and Bank of Baroda. Most of the exposure to Vodafone Idea, for these companies, is in the form of bank guarantees. While the Department of Telecommunications (DoT) is sitting down with the banks to look at the possible solution, the Finance Ministry on the other hand has ordered the banks to calculate their exposure to Vodafone Idea. As per these calculations, both private and public lenders of Vodafone Idea stare at a massive loss of Rs 1.8 lakh crore if the company collapses. Yes Bank and IDFC First are Vodafone Idea’s top lenders amongst private sector banks. Fearing the possible collapse of the company and the subsequent losses, companies have already started making provisions for the same.