Announced Thu, 30 Apr · 18:31 IST
PNB keeps MCLR and lending benchmark rates unchanged for May 2026
Business Updates View source PDF
PNB · price
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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹109.50
prior close
₹109.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+1.1+1.4+1.5-1.4+0.7-0.4-2.1-4.5-6.0-2.7-3.5-4.8—
Up moveDown movePending
AI summary
Punjab National Bank has reviewed its Marginal Cost of Funds Based Lending Rates (MCLR) effective May 1, 2026, and left all tenors unchanged from April. Overnight MCLR stays at 7.95%, three-month at 8.20%, six-month at 8.40%, one-year at 8.60%, and three-year at 8.75%. The Repo Linked Lending Rate (RLLR) remains at 8.10% (including a 0.10% BSP) and the Base Rate at 9.50%. This is a routine quarterly rate revision with no change.
Likely market impact
No change in lending rates means steady EMIs for borrowers and stable interest spreads for the bank, with no immediate impact on stock price.