Mahanagar Telephone Nigam Limited has defaulted in the Payment of Principal (Instalment) & Interest to the following Banks: Name of the Lender: Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, Indian Overseas Bank. Date of Default: Union Bank of India - August 12, 2024, Bank of India - September 04, 2024, Punjab National Bank - September 09, 2024, State Bank of India - September 28, 2024, UCO Bank - September 28, 2024, Punjab and Sind Bank - October 08, 2024, Indian Overseas Bank - February 03, 2025. Current Default Amount Overdue: Union Bank of India - Principal INR 7,345.7 million, Interest INR 5,028.9 million, Bank of India - Principal INR 3,509.2 million, Interest INR 1,528.1 million, Punjab National Bank - Principal INR 2,321.6 million, Interest INR 535.7 million, State Bank of India - Principal INR 3,139 million, Interest INR 495.3 million, UCO Bank - Principal INR 2,458.3 million, Interest INR 353.5 million, Punjab and Sind Bank - Principal INR 1,683.4 million, Interest INR 212.1 million, Indian Overseas Bank - Interest INR 1,966.3 million.
Total Default Amount: Principal INR 20,457.2 million, Interest INR 10,119.9 million. Details of Obligation: Total Principal Amount INR 88,060 million, tenure, Interest rate, Secured/unsecured etc. Total Amount of Outstanding Borrowings from Banks/Financial Institutions: INR 88,060 million.
Total Financial Indebtedness of the Listed Company: INR 349,380 million (Include Bank Loan INR 88,060 million, SG Bond INR 240,710 million and Loan for including Short Term and Long Term debt INR 20,610 million).
