PNB Reviews Interest Rates: MCLR Unchanged for Most Tenors

Punjab National Bank (PNB) has announced a review of its Marginal Cost of Funds Based Lending Rates (MCLR) effective September 1, 2026. Most tenors, including overnight, one-month, six-month, and one-year, will see no change in their MCLR. However, the three-month MCLR will increase by 5 basis points to 8.50%, and the three-year MCLR will remain unchanged at 9.10%. The Repo Linked Lending Rate (RLLR) at 8.10% and the Base Rate at 9.50% will also remain unchanged. This update indicates a stable to slightly upward adjustment in lending costs for certain short-to-medium term loans.