Punjab National Bank Maintains MCLR and Key Lending Rates Ahead of August 2026
Punjab National Bank has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) remain unchanged as of August 1, 2026. The bank also confirmed the stability of other critical lending rates, including the Repo linked Lending Rate (RLLR) and the Base Rate.The MCLR rates across various tenors show consistency for the upcoming period. The details are provided below:
| MCLR Tenor | Existing w.e.f. 01.07.2026 | With effect from 01.08.2026 |
|---|---|---|
| Overnight | 8.00% | 8.00% |
| One Month | 8.25% | 8.25% |
| Three Month | 8.45% | 8.45% |
| Six Month | 8.65% | 8.65% |
| One year | 8.80% | 8.80% |
| r | 9.10% | 9.10% |
In addition to the MCLR, Punjab National Bank has confirmed that the Repo linked Lending Rate (RLLR) and Base Rate remain unchanged. The RLLR is stated at 8.10%, which includes a BSP of 0.35%. Concurrently, the Base Rate stands at 9.50%.
PNB Stock Price Movement
Today, the stock of Punjab National Bank edged higher, closing at ₹112.71 after gaining 0.90%. The bank shares experienced robust volume in the session, with approximately 11.56 million shares traded across the exchanges.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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