MTNL Defaults ₹9,263 Crore on Bank Principal & Interest Payments
MTNL defaulted on principal and interest payments to multiple banks as of March 31, 2026. The total outstanding default is ₹9,262.53 crore, with ₹7,794.34 crore in overdue principal and ₹1,468.19 crore in overdue interest. Total financial indebtedness stands at ₹36,314 crore.
The substantial default amount of over ₹9,263 crore on bank loans, coupled with MTNL's overall high financial indebtedness, poses a significant risk to its financial stability and operations, impacting stakeholders.
The company has reported significant defaults in principal and interest payments to multiple banks, indicating severe financial distress.
Mahanagar Telephone Nigam Limited (MTNL) has reported a default in the payment of principal (instalment) and interest to several banks as of March 31, 2026. This disclosure is made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI Circular No SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019.
The company has defaulted on payments to 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 defaults occurred on various dates starting from August 12, 2024, for Union Bank of India, up to February 3, 2025, for Indian Overseas Bank.
The total outstanding amount in default, including principal and interest, amounts to ₹9,262.53 crore. The overdue principal stands at ₹7,794.34 crore, with an overdue interest of ₹1,468.19 crore. The total principal amount of these obligations is ₹9,263 crore. MTNL's total outstanding borrowings from banks and financial institutions are ₹9,263 crore, and its total financial indebtedness, including short-term and long-term debt, is ₹36,314 crore. This includes bank loans of ₹9,263 crore, SG Bonds of ₹24,071 crore, and a loan from the Department of Telecommunications (DoT) for paying SG Bond interest amounting to ₹2,980 crore.
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Mahanagar Telephone Nigam Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Mahanagar Telephone Nigam Limited. Read the original for the full detail.