PNB Maintains MCLR and RLLR Rates Effective August 1, 2026
Punjab National Bank will maintain its Marginal Cost of Funds Based Lending Rates (MCLR) and Repo Linked Lending Rate (RLLR) effective August 1, 2026. Key MCLR rates include Overnight at 8.00%, One Year at 8.80%. The RLLR remains at 8.10% and Base Rate at 9.50%.
The decision to keep interest rates unchanged is a standard practice and is unlikely to have a significant impact on the bank's financial performance or market position.
The announcement is a routine update on interest rates and does not indicate any significant positive or negative change for the bank.
Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged with effect from August 1, 2026. The existing rates from July 1, 2026, will continue.
The MCLR rates for various tenors are as follows: Overnight at 8.00%, One Month at 8.25%, Three Month at 8.45%, Six Month at 8.65%, One Year at 8.80%, and the longest tenor at 9.10%.
Furthermore, the Repo Linked Lending Rate (RLLR) will also remain steady at 8.10%, which includes a Bank Spread Premium (BSP) of 0.35%. The Base Rate has also been kept unchanged at 9.50%. The bank has requested stakeholders to take this information on record.
What to do with a filing like this
Punjab National Bank filed this with the NSE as a statutory disclosure, categorised under interest rates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Punjab National Bank. Read the original for the full detail.