MTNL reports defaults in principal and interest payments to multiple banks, total outstanding borrowings stand at Rs 9,575 crore
Mahanagar Telephone Nigam Ltd (MTNL), a Government of India Enterprise, has reported that it defaulted in the payment of Principal and Interest obligations to various lending banks as of July 31, 2026. The company disclosed these financial details, noting the nature of the obligation as the payment of principal and interest.The total amount of outstanding borrowings from banks and financial institutions stands at Rs 9,575 crore. This figure covers defaults that arose across multiple lending institutions, including Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Indian...