PNB Hikes MCLR by 0.10% Across Tenors Effective Nov 1

Punjab National Bank (PNB) has announced a review of its interest rates, with Marginal Cost of Funds Based Lending Rates (MCLR) set to increase by 0.10% across all tenors, effective November 1, 2026. The one-year MCLR will now stand at 8.90%, up from 8.80%. Other tenors, including overnight, one month, three months, six months, and three years, will also see a similar 0.10% increase. Notably, the Repo Linked Lending Rate (RLLR) at 8.35% and the Base Rate at 9.50% will remain unchanged.