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( As on 19/08/2025 08:51)

MTNL Bank loan default climbs to Rs 8,659 crore in July

State-run telecom operator MTNL reported a bank loan default of Rs 8,659 crore as of July-end, according to a regulatory filing on Monday.

The debt-laden PSU’s total obligations stood at Rs 34,577 crore as on July 31, 2025, including bank loans of Rs 8,659.09 crore, sovereign guarantee bonds worth Rs 24,071 crore, and a Rs 1,921 crore loan from DoT for interest payments on the sovereign guarantee bonds.

MTNL has defaulted on payments of Rs 3,768.37 crore to Union Bank of India, Rs 2,455.01 crore to Indian Overseas Bank, Rs 1,131.54 crore to Bank of India, Rs 478.26 crore to Punjab National Bank, Rs 363.43 crore to State Bank of India, Rs 276.08 crore to UCO Bank, and Rs 186.4 crore to Punjab & Sind Bank.