MTNL defaults on Rs 9,575 crore bank loans; 7 banks classify as NPA

Loan NpaCredit & Debt View source PDF Explain this filing

MTNL · price

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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.5 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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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.