Archive · 1 Aug 2025
MTNL Debt Resolution Expected Within Months, PNB CEO Says
MTNL, a telecom company, has a lot of debt.
The CEO of Punjab National Bank (PNB), one of the lenders, says they expect to figure out how to deal with the debt in the next few months.
MTNL owes PNB a significant amount of money.
MTNL first missed a loan payment in June 2024.
Several banks have given loans to MTNL, and their total exposure is substantial.
PNB's profit recently went down, partly because they had to set aside more money for potential losses.
MTNL's debt resolution is expected within 3-4 months, according to PNB's CEO.
MTNL owes ₹474.66 crore to Punjab National Bank.
MTNL first defaulted on loans on June 30, 2024, with total dues of ₹7,780.21 crore.
Lenders have a cumulative exposure of ₹8,585 crore to MTNL as of June 30.
PNB's net profit for the three months through June was ₹1,675 crore, down 49% year-over-year.
- Who
- Ashok Chandra, MD & CEO of Punjab National Bank.
- What
- Information regarding MTNL's debt resolution and PNB's financial performance.
- When
- Information as of the end of June 2025 and expectations for the next 3-4 months.
- Where
- Mumbai.
- Why
- To provide an update on the status of MTNL's debt resolution and PNB's financial health.
- MTNL Debt Resolution Timeline
- Expected within 3-4 months
- MTNL Debt to PNB
- ₹474.66 crore
- MTNL Total Dues at Default (June 30, 2024)
- ₹7,780.21 crore
- Lenders' Cumulative Exposure to MTNL (June 30)
- ₹8,585 crore
- PNB Net Profit (June 2025 Quarter)
- ₹1,675 crore
