State-owned telecom service operator, Mahanagar Telephone Nigam Ltd (MTNL), on Saturday, April 19, disclosed that the company has defaulted on bank loans worth ₹8,346.24 crore from public sector lenders, according to the exchange filing. Also Read | MTNL share price jumps 18% to 3-week high. What’s powering the upside?According to the BSE data, the company had taken loans from seven public sector banks, namely, the Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank.The disclosure also states that after the recent default of ₹8,346.24 crore, the total outstanding debt, which includes both the short-term borrowings and the long-term debt, was ₹33,568 crore. This is further divided into a bank loan, an SG Bond, and a loan from the Department of Telecom to pay the SG Bond interest. Also Read | MTNL share price hits upper circuit; what’s driving this telecom stock?MTNL DuesAs per the filing data, MTNL has defaulted ₹3,633.42 crore to the Union Bank of India, ₹1,077.34 to the Bank of India, ₹464.26 crore to the Punjab National Bank, ₹350.05 crore to the State Bank of India, ₹266.39 crore to the UCO Bank, ₹180.30 crore to the Punjab and Sind Bank, and ₹2,374.49 crore to the Indian Overseas Bank.The default payment numbers include the principal amount of the loan, along with the overdue interest amount, which has occurred between the time frame of August 2024 and February 2025.The company also owes ₹24,071 crore in SG Bond debt, along with ₹1,151 crore in dues to the Department of Telecom, along with the ₹8,346 crore bank loan defaults.Also Read | MTNL shares surge 10% on likely Cabinet nod to ₹6,000 cr 4G expansion packageMTNL Share PriceMTNL shares closed 0.16 per cent lower at ₹43.85 after Thursday’s stock market session, compared to ₹43.92 at the previous market close. The Indian stock markets were closed on account of the Good Friday holiday.MTNL shares have given stock market investors more than 500 per cent returns on their investment in the last five years and 21.60 per cent gains in the last one-year period.However, on a year-to-date (YTD) basis, the stock is trading 14.65 per cent lower in 2025.The shares hit their 52-week high levels at ₹101.88 on July 29, 2024, while the 52-week low level was at ₹32.70 on June 5, 2024, according to the BSE data.Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
MTNL, a government-owned telecom company, has failed to meet its obligations on bank loans amounting to ₹8,346 crore from a group of seven public sector banks.
