PNB will raise loan rates by 5 bps throughout the mandates from December 1 | Popgen Tech
Punjab National Bank (PNB), one of the largest public sector lenders in the nation, has declared that from tomorrow, its MCLR (Marginal Cost of Funds Based Landing Rate) will increase by 5 bps. According to a stock exchange filing, the bank increased the MCLR in all tenors by 5 bps. Prior to this, on 01-11-2022, the PNB increased the MCLR on tenors by 30 bps. The interest rate on MCLR/RLLR + BSP linked advances is currently 0.25%.