Punjab & Sind Bank revises MCLR from July 16, 2022

As per the Guidelines of Reserve Bank of India, Punjab & Sind Bank has reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16.07.2022.

Overnight MCLR - 6.80%
One month MCLR - 6.90%
Three month MCLR - 7.00%
Six month MCLR - 7.20
One Year MCLR - 7.55%

Further the ALCO has also resolved to keep the existing rate of Base Rate unchanged at 9.70% and BPLR at 14.00%.

Source : Equity Bulls

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PunjabandSindBank MCLR Revision BaseRate BPLR