MTNL Defaults on ₹9,495 Crore Principal & Interest Payments to Banks as of June 30, 2026
MTNL defaulted on ₹9,495 crore in principal and interest payments to banks as of June 30, 2026. The defaults involve UBI, BOI, PNB, SBI, UCO, PSB, and IOB, with NPAs dating back to August 2024. Total financial indebtedness stands at ₹37,223 crore.
A default of this magnitude on bank loans and interest payments directly impacts the company's financial health, creditworthiness, and operational ability, posing a high risk to stakeholders.
The company has reported a significant default 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 June 30, 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 total outstanding principal amount in default is ₹7,794.34 crore, with an overdue interest of ₹1,700.99 crore, bringing the total default amount to ₹9,495.33 crore.
The defaults span across multiple banks including Union Bank of India (UBI), Bank of India (BOI), Punjab National Bank (PNB), State Bank of India (SBI), UCO Bank, Punjab and Sind Bank (PSB), and Indian Overseas Bank (IOB). The dates of Non-Performing Assets (NPA) range from August 12, 2024, for UBI to February 3, 2025, for IOB.
MTNL's total outstanding borrowings from banks and financial institutions amount to ₹9,495 crore. The company's total financial indebtedness, including short-term and long-term debt, stands at ₹37,223 crore. This includes bank loans of ₹9,495 crore, SG Bonds of ₹24,071 crore, and a loan from the Department of Telecommunications (DoT) for paying SG Bond interest amounting to ₹3,657 crore.
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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Mahanagar Telephone Nigam Limited. Read the original for the full detail.