Mahanagar Telephone Nigam Limited Reports Default on Principal and Interest Payments to Banks
Mahanagar Telephone Nigam Limited (MTNL), a Government of India Enterprise, has reported a default in the payment of principal instalments and interest owed to several banks as of April 30, 2026. The company disclosed the details of these outstanding liabilities in its statement dated May 18, 2026.The reported default includes principal and interest payments due to multiple financial institutions. Key banks listed include UBI, BOI, PNB, SBI, UCO, PSB, and IOB.
The outstanding liabilities are detailed as follows:
| Bank | Date of NPA | O/s Principal | Overdue Interest | Overdue Principal |
|---|---|---|---|---|
| UBI | 12-08-2024 | 3334.57 | 742.26 | 784.57 |
| BOI | 04-09-2024 | 999.54 | 227.64 | 400.92 |
| PNB | 09-09-2024 | 432.16 | 80.2 | 232.16 |
| SBI | 28-09-2024 | 313.9 | 67.98 | 313.90 |
| UCO | 28-09-2024 | 245.83 | 47.94 | 245.83 |
| PSB | 08-10-2024 | 168.34 | 32.49 | 168.34 |
| IOB | 03-02-2025 | 2300 | 346.83 | - |
| Total | 7794.34 | 1545.34 | 2,145.72 |
According to the statement, the total amount of outstanding borrowings from banks and financial institutions stands at Rs 9,340 Crore.
Furthermore, the company reported that its total financial indebtedness, encompassing short term and long term debt, is Rs 36,545 Crore. This total indebtedness includes the bank loan of Rs 9,340 Crore, SG Bond of Rs 24,071 Crore, and SG Bond Interest of Rs 3,134 Crore.
MTNL Stock Price Movement
As of 12:44 PM, shares of Mahanagar Telephone Nigam Limited are slipping by 2.53% in live trading, currently trading at ₹28.49. The stock registers a daily decline of ₹0.74, with 562,336 shares transacted during the session.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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