State-owned telecom operator Mahanagar Phone Nigam Restricted (MTNL) has defaulted on mortgage repayments amounting to Rs 8,346.24 crore to a number of public sector banks, the corporate disclosed in a inventory alternate submitting on Saturday, April 19, 2025. In keeping with the submitting, MTNL defaulted on each principal and curiosity funds to the banks in March 2025.
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Mortgage Default Particulars
The default, which occurred in March 2025, contains Rs 7,794.34 crore in excellent principal and Rs 551.90 crore in overdue curiosity and penal prices. The submitting included an in depth breakdown of defaults with every lender. MTNL’s accounts with the lenders have been categorized as Non-Performing Belongings (NPAs) as early as August and September 2024, with the most recent default reported in February 2025, regarding Indian Abroad Financial institution.
Breakdown of Banks
Among the many affected lenders, Union Financial institution of India has the very best publicity, with dues of Rs 3,633.42 crore. It’s adopted by Indian Abroad Financial institution (Rs 2,374.49 crore) and Financial institution of India (Rs 1,077.34 crore). Different collectors embody Punjab Nationwide Financial institution (Rs 464.26 crore), State Financial institution of India (Rs 350.05), UCO Financial institution (Rs 266.39 crore), and Punjab and Sind Financial institution (Rs 180.30 crore).
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MTNL’s Whole Monetary Indebtedness
MTNL said that its whole monetary indebtedness stands at Rs 33,568 crore. This contains Rs 8,346 crore in financial institution loans, Rs 24,071 crore price of Sovereign Assure (SG) Bonds, and Rs 1,151 crore borrowed from the Division of Telecommunications (DoT) to service curiosity funds on the bonds.
