MTNL defaults on Rs 8,585-crore loan payment from 7 PSBs
- Posted on July 15, 2025
- By Financial Express
- 5 Views
MTNL defaults on Rs 8,585-crore loan payment from 7 PSBs
MTNL defaults on Rs 8,585 crore in loans from 7 public sector banks, including SBI and PNB. The telecom firm’s total debt stands at Rs 34,484 crore, covering bank loans, sovereign bonds, and DoT-backed borrowing. Earliest default dates back to August 2024, as per stock exchange filing.
