Punjab National Bank Maintains Key Lending Rates Unchanged Effective August 1, 2026

State-owned lender Punjab National Bank (PNB) has reviewed its key benchmark lending rates and decided to keep them unchanged for the month of August 2026.

The revised Marginal Cost of Funds Based Lending Rate (MCLR) framework, effective from August 1, 2026, retains the exact levels established in the previous monthly review on July 1, 2026.

Marginal Cost of Funds Based Lending Rates (MCLR) Structure

Under the unchanged rate structure, the borrowing benchmarks across various tenors are positioned as follows:

Overnight Tenor: Holds steady at 8.00%.

One-Month Tenor: Retained at 8.25%.

Three-Month Tenor: Kept at 8.45%.

Six-Month Tenor: Maintained at 8.65%.

One-Year Tenor: Fixed at 8.80%.

RLLR and Base Rate Remain Unaltered

In addition to the MCLR tenors, Punjab National Bank confirmed that its external benchmark lending rate and legacy base rate remain untouched:

Repo Linked Lending Rate (RLLR): Continues at 8.10%, which includes a Business Strategy Spread (BSP) of 0.35%.

Base Rate: Retained at 9.50%.

Shares of Punjab National Bank was last trading in BSE at Rs. 112.70 as compared to the previous close of Rs. 111.60. The total number of shares traded during the day was 526793 in over 3849 trades.

The stock hit an intraday high of Rs. 113.00 and intraday low of 111.70. The net turnover during the day was Rs. 59232149.00.

Source : Equity Bulls

Keywords

PunjabNationalBank INE160A01022 PNB RateRevision