Mahanagar Telephone Nigam Limited (MTNL) announced on August 18, 2025, that it has defaulted on principal and interest payments to various banks, according to an exchange filing. The total outstanding borrowings from banks and financial institutions amount to ₹8,659 Crore.
The defaults pertain to principal and interest payments. The updated detailed sheet provided by MTNL indicates the following:
| Bank | Date of NPA | O/s | Principal | Interest | Overdue Principal |
|---|---|---|---|---|---|
| Union Bank of India (UBI) | 12-08-2024 | 3,768.37 | 3,334.57 | 433.80 | 631.62 |
| Bank of India (BOI) | 04-09-2024 | 1,131.54 | 999.54 | 132.00 | 281.51 |
| Punjab National Bank (PNB) | 09-09-2024 | 478.26 | 432.16 | 46.10 | 232.16 |
| State Bank of India (SBI) | 28-09-2024 | 363.43 | 313.90 | 49.53 | 313.90 |
| UCO Bank | 28-09-2024 | 276.08 | 245.83 | 30.25 | 245.83 |
| Punjab and Sind Bank (PSB) | 08-10-2024 | 186.40 | 168.34 | 18.06 | 168.34 |
| Indian Overseas Bank (IOB) | 03-02-2025 | 2,455.01 | 2,300.00 | 155.01 | |
| Total | 8,659.09 | 7,794.34 | 864.75 | 1,873.36 | |
The details of the obligation, including the total principal amount, tenure, and interest rate, amount to ₹8,659 Crore.
The lenders to whom MTNL has defaulted 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 dates of NPA (Non-Performing Asset) for each bank are as follows:
MTNL has been communicating these defaults through various letters, including those dated 05.07.2024, 19.07.2024, 05.08.2024, 05.09.2024, 08.10.2024, 12.11.2024, 11.12.2024, 15.01.2025, 12.02.2025, 15.03.2025, 19.04.2025, 14.05.2025, 12.06.2025 and 12.07.2025.
The total financial indebtedness of the company is ₹34,577 Crore, which includes bank loans of ₹8,659 Crore, SG Bonds of ₹24,071 Crore, and a loan from DoT for paying SG Bond interest of ₹1,921 Crore.
The defaults are related to the payment of principal installments and interest to the mentioned banks.
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