Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MTNL has disclosed defaults to 7 banks including Union Bank of India, Bank of India, Punjab National Bank, SBI, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank. The accounts were classified as NPAs between August 2024 and February 2025. Total outstanding principal is Rs 9,339.68 crore with Rs 7,794.34 crore in principal overdue and Rs 1,545.34 crore in interest overdue. The company has total financial indebtedness of Rs 36,545 crore including bank loans, SG bonds, and DoT loans. This is an ongoing default situation with MTNL having filed similar intimations consistently since July 2024.
This is a significant credit event indicating severe financial distress. With Rs 9,340 crore in bank debt classified as NPA and total debt exceeding Rs 36,500 crore, MTNL faces substantial solvency concerns. The stock is likely to remain under pressure given the continued default status across multiple lenders.