MTNL Defaults on Bank Principal & Interest Payments; Total Default ₹9,036 Crore
MTNL defaulted on principal and interest payments to multiple banks totaling ₹9,036.14 crore as of December 31, 2025. Overdue principal amounts to ₹7,794.34 crore, and overdue interest is ₹1,241.80 crore. The company's total financial indebtedness stands at ₹35,851 crore.
Default on debt obligations of this magnitude can severely impact the company's credit rating, future borrowing capacity, and overall financial stability, affecting stakeholders.
The company has defaulted on its principal and interest payments to multiple banks, indicating significant financial distress.
Mahanagar Telephone Nigam Limited (MTNL) has reported a default in the payment of principal installments and interest to several banks. This disclosure, made on January 15, 2026, follows previous intimations on the matter. 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 total outstanding principal amount in default is ₹7,794.34 crore, with an additional ₹1,241.80 crore in overdue interest, bringing the current default amount to ₹9,036.14 crore. Specific default dates range from August 12, 2024, for Union Bank of India to February 3, 2025, for Indian Overseas Bank.
MTNL's total financial indebtedness, including bank borrowings, government bonds, and loans from the Department of Telecommunications, stands at ₹35,851 crore. The company's total outstanding borrowings from banks and financial institutions amount to ₹9,036 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.