Mahanagar Telephone Nigam reports defaults in principal and interest payments to banks
Mahanagar Telephone Nigam Limited (MTNL), a Government of India Enterprise, has disclosed defaults regarding the payment of principal installments and interest to various banks as of May 31, 2026. The financial details provided cover the outstanding obligations across multiple lending institutions.The company confirmed that it defaulted in making payments to several listed banks. As per the reported data, MTNL had a total exposure amounting to 9,418.92 units among the specified creditors on the given date.
A detailed breakdown of the default status for each bank is provided below:
| Bank | Date of NPA | O/s Amount | Principal Outstanding | Overdue Interest | Overdue Principal |
|---|---|---|---|---|---|
| UBI | 12-08-2024 | 4,111.25 | 3,334.57 | 776.68 | 784.57 |
| BOI | 04-09-2024 | 1,238.46 | 999.54 | 238.92 | 400.92 |
| PNB | 09-09-2024 | 516.33 | 432.16 | 84.17 | 232.16 |
| SBI | 28-09-2024 | 385.17 | 313.90 | 71.27 | 313.90 |
| UCO | 28-09-2024 | 296.00 | 245.83 | 50.17 | 245.83 |
| PSB | 08-10-2024 | 202.49 | 168.34 | 34.15 | 168.34 |
| IOB | 03-02-2025 | 2,669.22 | 2,300.00 | N/A | N/A |
Across all listed banks combined, the total principal outstanding amount is reported at 7,794.34 units. The cumulative figure for overdue interest stood at 1,624.58 units, while the Overdue Principal amounted to 2,145.72 units.
MTNL Stock Price Movement
Mahanagar Telephone Nigam Limited stock is climbing as of 11:04 AM, trading at ₹31.44 after gaining 0.93% in live market activity. The share saw strong intraday interest, with 884,838 shares traded so far today.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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