Punjab National Bank has informed the Exchange about Change in Interest Rates
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Punjab National Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) downward by 5 basis points across all tenors, effective 01.07.2025. Overnight MCLR falls from 8.25% to 8.20%, one-month from 8.40% to 8.35%, three-month from 8.60% to 8.55%, six-month from 8.80% to 8.75%, one-year from 8.95% to 8.90%, and three-year from 9.25% to 9.20%. The Repo Linked Lending Rate (RLLR) stays at 8.35% but with the BSP component reduced from 0.20% to 0.10%. The Base Rate remains unchanged at 9.50%.
Lower MCLR means marginally cheaper loans for new borrowers, which may slightly compress the bank's net interest margins in the near term. This is a routine pass-through revision and reflects the broader rate cycle rather than any bank-specific event.