PNB keeps MCLR unchanged across tenures
This story was originally published at 09:30 IST on 1 December 2025
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--PNB keeps MCLR unchanged across tenures effective Monday
MUMBAI – Punjab National Bank has kept the marginal cost of funds-based lending rates unchanged across tenures, effective Monday, it said in an exchange filing Saturday. The MCLR for the bank ranges from 7.95% to 9.05% for overnight to three-year tenures.
The bank has also kept the existing repo-linked lending rate, which is 8.35% and includes benchmark spread premium of 0.10%, and base rate of 9.50% unchanged. The Reserve Bank of India's norms require banks to review their MCLR every month.
The public sector bank had reported net profit at INR 49.04 billion for the September quarter. The bank's net interest income was INR 104.69 billion for the quarter. On Friday, shares of the bank closed at INR 124.50 on the National Stock Exchange, down 0.3% from the previous close.
PNB Bank's marginal cost of funds-based lending rates for various tenures are as follows:
Tenure | Rate (%) |
Overnight | 7.95 |
One month | 8.20 |
Three months | 8.40 |
Six months | 8.60 |
One year | 8.75 |
| Three years | 9.05 |
End
Reported by J. Navya Sruthi
Edited by Avishek Dutta
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