Mahanagar Telephone Nigam Limited (MTNL) has defaulted on loan repayments totalling over Rs 83.46 billion to multiple public sector banks. In a stock exchange filing, the company disclosed that it failed to meet both principal and interest obligations in March 2025, to several public sector 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 outstanding principal stands at Rs 77.94 billion, with an interest overdue of Rs 5.51 billion. Including penal charges, the total default amount reaches Rs 83.46 billion.
Further, MTNL’s largest outstanding due is to Union Bank of India (Rs 36.33 billion), followed by Indian Overseas Bank (Rs 23.74 billion), and Bank of India (Rs 10.77 billion). Additionally, the telecom PSU’s accounts have already been classified as non-performing assets (NPAs) with these banks between August 2024 and February 2025.
