Mahanagar Telephone Nigam Limited (MTNL) has defaulted on principal and interest payments totalling ₹9,188 crore to several banks as of 28 February 2026. The default covers loans from major lenders 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 details reveal that the outstanding principal amount is ₹7,794.34 crore, with overdue interest of ₹1,393.39 crore. The total overdue principal stands at ₹2,095.72 crore. The largest outstanding amount is owed to Union Bank of India, with a total of ₹4,007.88 crore, including a principal of ₹3,334.57 crore and interest of ₹673.31 crore.
MTNL’s total financial indebtedness amounts to ₹36,216 crore, which includes bank loans of ₹9,188 crore, SG bonds worth ₹24,071 crore, and a loan from the Department of Telecommunications for paying SG bond interest amounting to ₹2,957 crore.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.