MTNL Defaults on Principal & 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 ₹9,812.04 crore, with overdue principal amounting to ₹7,794.34 crore and overdue interest at ₹2,017.70 crore. The company's total financial indebtedness, including bank loans, SG bonds, and DoT loans, aggregates to ₹37,633 crore.