Announced Tue, 16 Jun · 10:57 IST
MTNL reports ongoing bank loan defaults; total overdue Rs 9,419 crore
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
+2.8%1-day move
₹31.14
prior close
₹31.43
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.2-0.3-0.4+2.8+2.9+3.0+2.8-0.6-3.4-9.4-7.4——
Up moveDown movePending
AI summary
MTNL has reported defaults in principal and interest payments to 7 banks (UBI, BOI, PNB, SBI, UCO, PSB, IOB) classified as NPA between Aug 2024 and Feb 2025. Total overdue is Rs 9,419 crore (Rs 7,794 cr principal + Rs 1,625 cr interest) out of Rs 9,419 cr total bank borrowings. Total financial debt stands at Rs 36,966 cr including bank loans, sovereign bonds and DoT loans.
Likely market impact
Persistent NPA status signals deep financial stress at the PSU telco; may further constrain borrowing ability and heighten dependence on government support.