MTNL Defaults on ₹9,732 Cr Bank Debt Principal & Interest as of Sep 30, 2026
MTNL defaulted on ₹9,731.83 crore in principal and interest payments to banks as of September 30, 2026. Overdue principal is ₹7,794.34 crore and overdue interest is ₹1,937.49 crore. Total bank borrowings are ₹9,732 crore, with overall financial indebtedness at ₹37,553 crore.
Defaulting on bank loans of this magnitude has a substantial negative impact on the company's financial health, creditworthiness, and operational stability.
The company has defaulted on significant 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 installments and interest to several banks as of September 30, 2026. This disclosure is made in compliance with Regulation 30 and 51 of SEBI (LODR) Regulations, 2015.
The total outstanding principal overdue amounts to ₹7,794.34 crore, with an additional ₹1,937.49 crore in overdue interest. The total current default amount stands at ₹9,731.83 crore.
The defaults are spread across multiple lenders, 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 Asset (NPA) vary for each bank, with UBI's default dating back to August 12, 2024, and IOB's to February 3, 2025.
MTNL's total outstanding borrowings from banks and financial institutions amount to ₹9,732 crore. The company's total financial indebtedness, including short-term and long-term debt, is ₹37,553 crore. This includes bank loans of ₹9,732 crore, SG bonds worth ₹24,071 crore, and a loan from the Department of Telecommunications (DoT) for paying SG bond interest, amounting to ₹3,750 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.