MTNL's Financial Struggles Highlighted by Loan Defaults

State-run telecom giant MTNL has officially announced its failure to repay loans amounting to Rs 8,346 crore, sourced from seven public sector banks. This revelation came through a recent regulatory filing, shedding light on the company's deepening financial woes.

As of March 31, 2025, MTNL's total debt has skyrocketed to Rs 33,568 crore, marking a significant escalation in its financial challenges. The default includes substantial amounts owed to Union Bank of India (Rs 3,633 crore), Indian Overseas Bank (Rs 2,374 crore), Bank of India (Rs 1,077 crore), Punjab National Bank (Rs 464 crore), and State Bank of India (Rs 350 crore).

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