MTNL Defaults on ₹9,116 Crore Principal & Interest Payments to Banks as of Jan 31, 2026
MTNL has defaulted on ₹9,115.65 crore in principal and interest payments to multiple banks as of January 31, 2026. The defaults span across Union Bank of India, Bank of India, PNB, SBI, UCO Bank, PSB, and IOB. Total financial indebtedness for MTNL is ₹36,026 crore.
Defaults on such a large scale (over ₹9,116 crore) in bank payments can have a substantial negative impact on the company's financial health, credit rating, and operational capabilities, as well as investor confidence.
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 January 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 21.11.2019.
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 dates of Non-Performing Asset (NPA) vary for each bank, with the earliest being August 12, 2024 (UBI) and the latest February 3, 2025 (IOB).
The total outstanding principal amount overdue across these banks amounts to ₹7,794.34 crore, with an additional ₹1,321.31 crore in overdue interest, bringing the total default amount to ₹9,115.65 crore. The total principal amount of the obligation is ₹9,116 crore.
MTNL's total outstanding borrowings from banks and financial institutions stand at ₹9,116 crore. The company's total financial indebtedness, including short-term and long-term debt, is ₹36,026 crore. This includes ₹9,116 crore in bank loans, ₹24,071 crore in SG Bonds, and ₹2,839 crore as a loan from the Department of Telecommunications (DoT) for paying SG Bond interest.
What to do with a filing like this
Mahanagar Telephone Nigam Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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.