Loan & Debt16 Jun 2026, 10:57 am
MTNL Defaults on ₹9,419 Cr Bank Loans
AI Summary
Mahanagar Telephone Nigam Ltd (MTNL) has disclosed defaults on principal and interest payments totaling ₹9,419 crore to several banks, including Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab & Sind Bank, and Indian Overseas Bank. The defaults, with Non-Performing Asset (NPA) dates ranging from August 2024 to February 2025, highlight significant financial distress. The company's total outstanding borrowings from banks stand at ₹9,419 crore, with overall financial indebtedness reaching ₹36,966 crore, including SG Bonds and a loan from the Department of Telecommunications.
Key Highlights
- MTNL defaulted on ₹9,419 crore in principal and interest payments to banks.
- NPA dates range from August 2024 to February 2025 for various lenders.
- Total bank borrowings amount to ₹9,419 crore.
- Overall financial indebtedness stands at ₹36,966 crore.
- The disclosure is made as per SEBI (LODR) Regulations, 2015.
Price Impact
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