PNB reduces Marginal Cost of Fund Based Lending Rate (MCLR)

Sarkaritel
By Sarkaritel January 2, 2017 10:02

PNB reduces Marginal Cost of Fund Based Lending Rate (MCLR)


Punjab National Bank has decided to reduce its Overnight MCLR to 8.20% w.e.f. 01.01.2017.  Since November, 2016, the reduction in MCLR is 85 bps. Detail placed below :-

 

MCLR TENOR Existing Revised w.e.f. 01.01.17
Overnight 8.90% 8.20%
One month 8.95% 8.25%
Three month 9.05% 8.35%
Six month 9.10% 8.40%
One year 9.15% 8.45%
Three years 9.30% 8.60%
Five years 9.45% 8.75%

 

Sarkaritel
By Sarkaritel January 2, 2017 10:02