By Admin 
Mtnl defaults: Government telecom company Mahanagar Telephone Corporation Limited (MTNL) is immersed in debt. The company told in its regulatory filing that it is currently facing economic crisis. The company said that it has missed a loan of Rs 8,585 crore taken from seven public sector banks and paying interest on it.
MTNL shares after revelations
In a regulatory filing on Tuesday, MTNL said that he had taken a loan from some big public sector banks. Now it has failed to pay its full amount including interest. The effect of this revelation showed on MTNL shares. On Tuesday, MTNL shares broke 4.80 percent to close at Rs 49.59, which is less than Rs 2.50 less than the previous session. Banks whose names are in filing
The company has taken loan from these banks
These include Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sindh Bank and Indian Overseas Bank. The company said that this default in loan payment took place during August 2024 to February 2025. The total dues of 7,794.34 crores are the principal of 7,794.34 crore and an interest of Rs 790.59 crore.
Most loans taken from this bank
Among them, the maximum number of Union Bank of India owes Rs 3,733.22 crore and after that the Indian Overseas Bank owes 2,434.13 crore. MTNL is burdened with heavy debt. It has a tax of Rs 34,484 crore. This includes a loan of Rs 8,585 crore as well as a saving guarantee bond of Rs 24,071 crore and a loan of Rs 1,828 crore taken from the Department of Telecommunications to pay interest on it.
The government has given financial assistance to the company earlier, but in view of the way the debt burden is increasing on the company, questions are being raised on its recovery.
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