Price Update30 Jun 2026, 09:00 pm
PNB Hikes MCLR by 5-10 bps effective July 1, 2026
AI Summary
Punjab National Bank (PNB) has announced an upward revision in its Marginal Cost of Funds Based Lending Rates (MCLR) across various tenors, effective July 1, 2026. The MCLR for overnight, three-month, six-month, and one-year tenors will increase by 5 basis points to 8.00%, 8.25%, 8.45%, and 8.65% respectively. The Repo Linked Lending Rate (RLLFR) at 8.10% and the Base Rate at 9.50% will remain unchanged. This move is expected to impact borrowing costs for customers with loans linked to these rates.
Key Highlights
- PNB increases MCLR rates by 5-10 basis points.
- New MCLR rates effective from July 1, 2026.
- RLLFR and Base Rate remain unchanged.
- Impacts borrowing costs for new and existing loans.
Price Impact
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