Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged across all tenors effective March 1, 2026. The Repo Linked Lending Rate (RLLR) and Base Rate also stay steady, signaling stability in borrowing costs for customers and businesses.
Punjab National Bank has informed the stock exchanges that its lending rates will remain unchanged from March 1, 2026. This decision reflects the bank’s cautious approach in maintaining rate stability amid evolving market conditions.
Key highlights
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Overnight MCLR continues at 7.95%
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One-month MCLR remains at 8.20%
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Three-month MCLR stays at 8.40%
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Six-month MCLR unchanged at 8.60%
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One-year MCLR steady at 8.75%
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Three-year MCLR maintained at 9.05%
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Repo Linked Lending Rate (RLLR) remains at 8.10% including BSP of 0.10%
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Base Rate continues at 9.50%
This move ensures predictability for borrowers and businesses, offering consistency in loan repayment planning. By holding rates steady, PNB signals confidence in its current funding structure while balancing customer affordability with market realities.
Source: Punjab National Bank Disclosure to Stock Exchanges