The seven lender banks are Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab ...

State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling ₹8,585 crore.

MTNL has defaulted on ₹8,585 crore bank loans from seven public sector banks, raising concerns over its financial stability.