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MTNL Defaults on Payments of ₹8,584 Cr to 7 Public Sector Banks
The New Indian Express Shivamogga
|July 16, 2025
MAHANAGAR Telephone Nigam Limited (MTNL) on Tuesday disclosed that it has defaulted on payments of ₹8,584.93 crore to seven banks.
In a regulatory filing, the telecom company stated that the amount includes both principal and interest.
The banks affected by the defaults and their respective dates of classification as non-performing assets (NPA) are: Union Bank of India (UBI), Bank of India (BOI), Punjab National Bank (PNB), State Bank of India (SBI), UCO Bank, Punjab & Sind Bank (PSB), and Indian Overseas Bank (IOB).
This story is from the July 16, 2025 edition of The New Indian Express Shivamogga.
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