MTNL defaults on Rs 8,346 crore loans from seven public sector banks

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MTNL defaults on Rs 8,346 crore loans from seven public sector banks - Business Standard

Quick Summary:

The total loan default includes Rs 3,633.42 crore of debt raised from Union Bank of India, Rs 2,374.49 crore of Indian Overseas Bank, Rs 1,077.34 crore of Bank of India, Rs 464.26 crore Punjab National Bank, Rs 350.05 crore from State Bank of India, Rs 266.30 crore from UCO Bank and Rs 180.3 crore along with principal and interest payment.

State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,346.24 crore from seven public sector banks, the company said in a regulatory filing.

The loss-making public sector telecom firm's total debt obligations reached Rs 33,568 crore as on March 31, 2025, according to the filing dated April 19.