MTNL defaults on Rs 8,346 crore bank loans, total debt hits Rs 33,568 crore

State-run telecom operator Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on bank loans worth Rs 8,346.24 crore from seven public sector banks, the company disclosed in a regulatory filing dated April 19.

The loan defaults span from August 2024 to February 2025 and involve multiple lenders, including Rs 3,633.42 crore from Union Bank of India, Rs 2,374.49 crore from Indian Overseas Bank, Rs 1,077.34 crore from Bank of India, Rs 464.26 crore from Punjab National Bank, Rs 350.05 crore from State Bank of India, Rs 266.30 crore from UCO Bank, and Rs 80.30 crore in principal and interest payments.