Announced Tue, 30 Jun · 20:53 IST
PNB raises MCLR rates by 5 bps across all tenors effective July 1, 2026
Business Updates View source PDF
PNB · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹106.85
prior close
₹107.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.4-0.4-0.2+0.0-1.4-2.5-3.0-5.4-1.3+3.5———
Up moveDown movePending
AI summary
PNB has revised its Marginal Cost of Funds Based Lending Rates (MCLR) upward by 5 basis points across all tenors effective July 1, 2026. Overnight goes from 7.95 percent to 8.00 percent, three-month from 8.20 percent to 8.25 percent, six-month from 8.40 percent to 8.45 percent, and one-year from 8.60 percent to 8.65 percent. Repo linked Lending Rate stays at 8.10 percent and Base Rate remains 9.50 percent.
Likely market impact
Higher MCLR means slightly higher lending rates for new borrowers, which can support margins but may soften loan demand growth.