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MTNL defaults on bank loans worth Rs 8,585 crore

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NEW DELHI: State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday.The loss-making public sector telecom firm’s total debt obligations reached Rs 34,484 crore as on June 30, 2025, comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan from DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing.The total loan default includes Rs 3,733 crore of debt raised from Union Bank of India, Rs 2,434 crore of Indian Overseas Bank, Rs 1,121 crore of Bank of India, Rs 474.7 crore Punjab National Bank, Rs 363.4 crore from State Bank of India, Rs 273.6 crore from UCO Bank and Rs 184.8 crore from Punjab & Sind Bank along with principal and interest payment.The defaults in loan payment have occurred between Aug 2024 to February 2025.

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