Punjab National Bank revises MCLR downwards effective November 1, 2025
PNB has reduced its Marginal Cost of Funds Based Lending Rates (MCLR) across all tenors by 0.05% effective November 1, 2025, while Repo linked Lending Rate and Base Rate remain unchanged.
Changes in MCLR directly affect the cost of borrowing for a segment of the bank's customers and can influence the bank's profitability and competitive positioning, leading to a medium impact.
The bank has reduced its MCLR, which is positive for borrowers but could potentially impact the bank's net interest margin. The unchanged RLLR and Base Rate indicate a mixed scenario, thus leading to a neutral sentiment.
* Punjab National Bank (PNB) announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) effective November 1, 2025. * The revised MCLR rates are as follows: * Overnight: 7.95% (previously 8.00%) * One Month: 8.20% (previously 8.25%) * Three Month: 8.40% (previously 8.45%) * Six Month: 8.60% (previously 8.65%) * One year: 8.75% (previously 8.80%) * Three years: 9.05% (previously 9.10%) * The existing Repo linked Lending Rate (RLLR) of 8.35% (including BSP of 0.10%) and the Base Rate of 9.50% remain unchanged.
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 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.