Announced Fri, 7 Aug · 11:33 IST
MTNL defaults on Rs 9,575 crore bank loans; 7 banks classify as NPA
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹27.70
prior close
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AI summary
MTNL has defaulted on bank loan principal and interest totaling Rs 9,574.61 crore as of July 31, 2026. Seven banks (UBI, BOI, PNB, SBI, UCO, PSB, IOB) have classified the company as NPA between Aug 2024 and Feb 2025. Overdue principal is Rs 7,794 crore and overdue interest is Rs 2,196 crore. Total financial indebtedness is Rs 37,396 crore, including sovereign bonds.
Likely market impact
Persistent loan defaults and 7 banks tagging MTNL as NPA show severe financial stress. Raises serious solvency concerns for shareholders.