Price Update7 Oct 2026, 06:50 pm
PNB Hikes Repo Linked Lending Rate by 0.25% to 8.35%
AI Summary
Punjab National Bank (PNB) has announced a revision in its Repo Linked Lending Rate (RLLR) following an increase in the RBI's repo rate. Effective October 8, 2026, the RLLR will be 8.35%, up from 8.10%. The bank has clarified that its Marginal Cost of Lending Rate (MCLR) and Base Rate will remain unchanged. This adjustment is a direct consequence of the Reserve Bank of India's monetary policy action on October 7, 2026.
Key Highlights
- RLLR increased by 0.25% to 8.35% effective October 8, 2026.
- Increase follows RBI's repo rate hike on October 7, 2026.
- MCLR and Base Rate remain unchanged.
- BSP component of RLLR remains constant at 0.35%.
Price Impact
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