PNB Keeps Interest Rates Unchanged
Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged across all tenors, effective from September 1, 2026, and continuing into October 1, 2026. The MCLR for overnight, one month, three months, six months, one year, and three years are set at 8.00%, 8.25%, 8.50%, 8.65%, 8.80%, and 9.10% respectively. Additionally, the Repo Linked Lending Rate (RLLR) remains at 8.10% (including a 0.35% BSP), and the Base Rate is unchanged at 9.50%. This decision indicates a stable interest rate environment for the bank's lending products in the near term.
Key Highlights
- PNB's MCLR rates remain unchanged for September and October 2026.
- Key lending rates like RLLR and Base Rate are also held steady.
- This suggests a stable outlook on borrowing costs for the bank.
- No immediate changes in lending rates are expected.
Price Impact
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