PNB Revises MCLR Rates: Three-Month Rate Increases by 5 Bps to 8.50%
PNB has revised its MCLR rates effective September 1, 2026. The three-month MCLR has been increased by 5 basis points to 8.50%. Other MCLR tenors, RLLR (8.10%), and Base Rate (9.50%) remain unchanged.
The revision involves a small increase in the three-month MCLR and no changes in other key rates. This is a routine adjustment and is unlikely to have a substantial impact on the bank's overall financial performance or market position.
The announcement details minor changes in interest rates, with some rates increasing and others remaining stable. This does not represent a significant positive or negative development for the bank.
Punjab National Bank (PNB) has announced a review of its interest rates, with revised Marginal Cost of Funds Based Lending Rates (MCLR) effective from September 1, 2026. The MCLR for the three-month tenor has been increased by 5 basis points to 8.50%, from the previous rate of 8.45% as of August 1, 2026.
Other MCLR tenors, including Overnight, One Month, Six Month, One Year, and Three Years, will remain unchanged. The Overnight and One Month MCLR will continue at 8.00% and 8.25% respectively. The Six Month and One Year MCLR will remain at 8.65% and 8.80% respectively, while the Three Year MCLR stays at 9.10%.
Furthermore, the Repo Linked Lending Rate (RLLR) will remain unchanged at 8.10%, which includes a 0.35% Buffer Spread. The Base Rate also remains unchanged at 9.50%. The bank has informed the stock exchanges about these revisions.
A plain-language summary of a public exchange filing by Punjab National Bank. Read the original for the full detail.