MTNL Defaults on Massive Loan Repayments

  Published 9 months ago

MTNL defaults on ₹86.59 billion loans, raising concerns over debt, losses, and future survival.

  • MTNL owes seven banks, including SBI, PNB, BOI, and Union Bank of India.
  • Default includes ₹77.94 billion principal and ₹8.65 billion overdue interest to lenders.
  • Total debt surged to ₹345.77 billion, highlighting reliance on government aid and roll-overs.

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