PNB Revises RLLR to 8.35% Effective Oct 8
Effective October 8, 2026, Punjab National Bank (PNB) will increase its Repo Linked Lending Rate (RLLR) to 8.35% from 8.10%. This adjustment follows the RBI's Repo rate hike on October 7, 2026. MCLR and Base Rate remain unchanged.
Changes in lending rates can affect borrowing costs for customers and potentially influence loan demand and the bank's net interest margins, thus having a medium-term impact on the bank's financial operations.
The interest rate change is a direct response to a regulatory action (RBI repo rate hike) and is a standard operational adjustment for the bank. It does not inherently represent a positive or negative development for the bank's performance.
Punjab National Bank (PNB) has announced a revision in its Repo Linked Lending Rate (RLLR) from 8.10% to 8.35%, effective October 8, 2026. This change is a direct consequence of the Reserve Bank of India's (RBI) increase in the Repo rate on October 7, 2026. The bank has confirmed that the Marginal Cost of Lending Rate (MCLR) and the Base Rate will remain unchanged.
The notification was issued by the Share Department, Board & Coordination Division of PNB's Head Office in New Delhi and communicated to the National Stock Exchange of India Limited and BSE Limited on October 7, 2026.
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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 medium impact: worth reading, rarely worth acting on by itself.
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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.