MTNL defaults on bank loans worth Rs 8,585 crore

MTNL, the state-run telecom company, has defaulted on bank loans totaling Rs 8,585 crore from seven public sector banks between August 2024 and February 2025. The company’s total debt obligations have reached Rs 34,484 crore as of June 30, 2025, including bank loans, sovereign guarantee bonds, and loans from the DoT.