THIS govt company in HUGE debt, defaults on bank loans worth whopping Rs…
The company said that the telecom company MTNL operated by the state has defailed 8,585 RS bank loans from seven public sector banks. The total debt obligations of the public sector Telekom, which caused damage, reached 34,484 RS. Continue reading to learn more details.
Operated by the state, the company defaulled bank loans worth 8,585 RS from the seven public sector banks.
The company said that the telecom company MTNL, which is operated by the state, has defailed bank loans worth 8,585 RS from the seven public sector banks. The total debt obligations of the public sector Telekom company, which caused damage, reached 8,585 RR from June 30, 2025, and 34,484 RR, which consists of the dominant guarantee bond RS 24.071 CRORE and loans.
Which banks are included?
Total credit default, 3,733.22 ruble debt collected from the Indian Union Bank, 2,434.13 RS from India Overseas Bank, Punjab National Bank RS 474.66 Crore, RS 474.66 Crore from Punjab National Bank, RS 363.58 Crore and RS 273.58 Crore, RS 273.58 Cr. Sind Bank, with the main and interest payment. The defaults in the loan payment took place between August 2024 and February 2025. The company operated by the company, at the end of March 31, 2025 August 2024-February 2025, which occurred in the same period of 8.346.24 RS reported a default.
Who is the owner of MTNL?
Mahanagar phone Nigam Limited’s abbreviation Mtnl is a GOVT company founded in 1986. A subsidiary of GOVT’s Bharat Sanchar Nigam Limited (BSNL) offers a fixed line, mobile (GSM and CDMA) and wide band internet services. Both BSNL and MTNL have faced significant financial challenges, including default in large bank loans.
(With inputs from the news agency PTI).
