Punjab National Bank MCLR and Key Lending Rates Remain Unchanged as of June 1, 2026
Punjab National Bank announced the status of its Marginal Cost of Funds Based Lending Rate (MCLR) and other key lending rates, confirming that no changes are effective from June 1, 2026.The bank provided details regarding the MCLR structure, noting that all existing rates will continue to apply.
MCLR Rates Unchanged
The MCLR rates, effective from June 1, 2026, mirror the rates reported as of May 1, 2026. The key rates are detailed below:| MCLR Tenor | Existing w.e.f. 01.05.2026 | With effect from 01.06.2026 |
|---|---|---|
| Overnight | 7.95% | 7.95% |
| One Month | 8.20% | 8.20% |
| Three Month | 8.40% | 8.40% |
| Six Month | 8.60% | 8.60% |
| One Year | 8.75% | 8.75% |
| Three years | - | 9.05% |
Base Rate and Repo Linked Lending Rate
In addition to the MCLR, the bank confirmed that the existing Repo linked Lending Rate (RLLR) and the Base Rate are also remaining unchanged.The Repo linked Lending Rate remains at 8.10% (including the BSP of 0.10%). The Base Rate is maintained at 9.50%.
PNB Stock Price Movement
Shares of Punjab National Bank on Friday slipped by 0.39% to settle at ₹106.05. The stock finished the day on considerable selling volume, recording a trade of 32.06 million shares.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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