MTNL defaults on ₹8,585 crore principal and interest dues to 7 PSU banks as of June 2025
Telecom operator Mahanagar Telephone Nigam Ltd (MTNL) on Tuesday informed the stock exchanges that it has defaulted on payments of both principal and interest to a group of public sector banks. The total overdue amount stands at nearly ₹8,585 crore.
After the announcement, MTNL shares fell 4.80% to ₹49.59, down ₹2.50 on the day.
The disclosure lists Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab & Sind Bank, and Indian Overseas Bank as the lenders involved.
