MTNL Defaults on Principal and Interest Payments to Banks

Mahanagar Telephone Nigam Limited (MTNL) has disclosed defaults on principal and interest payments to multiple banks, including Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank. The total current default amount stands at ₹9,731.83 crore, comprising ₹7,794.34 crore in principal and ₹1,937.49 crore in interest. The company's total outstanding borrowings from banks and financial institutions are ₹9,732 crore, with total financial indebtedness reaching ₹37,553 crore.