Mahanagar Telephone Nigam Limited Reports Default in Principal and Interest Payments to Banks
Mahanagar Telephone Nigam Limited (MTNL) has reported a default in the payment of principal installment and interest to several banks as of June 30, 2026. The company disclosed details regarding these obligations and the extent of the non-payment across various financial institutions.The total outstanding borrowings from banks stand at Rs 9,495 crore. This figure reflects MTNL's obligation related to principal and interest payments as reported on June 30, 2026.
MTNL's overall financial indebtedness stands at Rs 37,223 crore. This includes short term and long term debt, incorporating the Bank Loan of Rs 9,495 crore, SG Bond of Rs 24,071 crore, and the interest payment on the SG Bond amounting to Rs 3,657 crore.
The company provided a detailed breakdown of the default status with various lending institutions. Key data points related to the defaulted obligations are presented below:
| Bank Name | Date of Default |
|---|---|
| Union Bank of India (UBI) | 12-08-2024 |
| Bank of India (BOI) | 04-09-2024 |
| Punjab National Bank (PNB) | 09-09-2024 / 28-09-2024 |
| State Bank of India (SBI) | 28-09-2024 |
| UCO Bank | 28-09-2024 |
| Punjab Savings Bank (PSB) | 08-10-2024 |
| Indian Overseas Bank (IOB) | 03-02-2025 |
The default information, specifically related to the Principal and Interest Payment nature of the obligation, is further detailed by lender:
| Lender Name | Date of NPA |
|---|---|
| Union Bank of India (UBI) | 12-08-2024 |
| Bank of India (BOI) | 04-09-2024 |
| Punjab National Bank (PNB) | 09-09-2024 / 28-09-2024 |
| State Bank of India (SBI) | — |
| UCO Bank | 28-09-2024 |
| Punjab Savings Bank (PSB) | 08-10-2024 |
| Indian Overseas Bank (IOB) | 03-02-2025 |
A comprehensive summary of the current default amount, broken down into Principal and Interest components in INR crore, is as follows:
| Lender Name | Date of Default | Total Amount (INR crore) | Principal (INR crore) | Overdue Interest (INR crore) | Overdue Principal (INR crore) |
|---|---|---|---|---|---|
| Union Bank of India (UBI) | 12-08-2024 | 4,144.46 | 3,334.57 | 809.89 | 809.57 |
| Bank of India (BOI) | 04-09-2024 | 1,249.46 | 999.54 | 249.92 | 425.92 |
| Punjab National Bank (PNB) | 09-09-2024 / 28-09-2024 | 432.16 | 432.16 | 88.02 | 232.16 |
| State Bank of India (SBI) | 28-09-2024 | 313.90 | 313.90 | 74.47 | 313.90 |
| UCO Bank | 28-09-2024 | 245.83 | 245.83 | 52.30 | 245.83 |
| Punjab Savings Bank (PSB) | 08-10-2024 | 204.11 | 168.34 | 35.77 | 168.34 |
| Indian Overseas Bank (IOB) | 03-02-2025 | 2,300.00 | 2,300.00 | 390.62 | — |
The aggregate total of the current default amount across all named banks is 9,495.33 INR crore, with figures for Principal and Interest amounting to 7,794.34 INR crore and 1,700.99 INR crore, respectively.
MTNL Stock Price Movement
As of 11:13 AM, shares of Mahanagar Telephone Nigam Limited are slipping by 0.92% in live trading, currently registering at ₹29.00. The stock has seen a trading volume of 278,385 shares as it trades lower into the market mid-morning.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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