MTNL defaults on bank loans - total overdue crosses Rs 8,957 crore

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MTNL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹37.44

prior close

₹36.88

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-2.0% vs market

Telecom - Cellular & Fixed line services peers, median of 6sector-0.1%-1.6% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.6 pts less than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-1.7+0.3-2.0-0.1-1.6

Next day

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Cellular & Fixed line services peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

MTNL has defaulted on loan repayments to 7 banks including SBI, PNB, Bank of India, and Union Bank of India. Total overdue stands at Rs 8,957.44 crore, made up of Rs 7,794.34 crore principal and Rs 1,163.10 crore interest. Lenders classified these accounts as NPAs between August 2024 and February 2025. MTNL's overall financial debt is Rs 35,699 crore, including sovereign guarantee bonds of Rs 24,071 crore.

Likely market impact

Severe credit stress confirmed. Seven lenders have already classified loans as NPAs. Continued defaults raise solvency worries despite government ownership.