MTNL Defaults on Rs 8,585 Crore Loan From 7 PSU Banks, Misses Both Principal and Interest

MTNL defaults on Rs 8,585 crore loan from 7 PSU banks, misses both principal and interest

As of 30 June, the state-run telecom company's total debt stood at ₹34,484 crore. In Delhi, 14 out of MTNL's 41 land and building parcels remain vacant.

MTNL Defaults on Rs 8585 Crore Payment to PSU Banks

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom operator, on Tuesday declared that it has defaulted on payment of dues (pricipal amount and interest) to seven PSU banks. These PSU banks include 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 amount that MTNL has defaulted on paying to these seven banks is Rs 8,584.93 crore. Read Mor…

MTNL's Over Rs 8,500-Crore Default: Union Bank Of India To PNB — A Look At PSU Lenders' Exposure

Mahanagar Telephone Nigam Ltd. has defaulted on a staggering Rs 8,584.9 crore as of June 2025 in principal and interest payments to seven public sector banks, according to its exchange filing on Tuesday.The disclosure underscores the deepening financial crisis at the state-run telecom operator, which has been grappling with mounting losses and unsustainable debt for over a decade.The affected lenders and their respective exposure to MTNL are as …