Latest News

Punjab National Bank reduces lending base rate to 9.15%


The Punjab National Bank has lowered base lending rate by 20 basis points (bps) to 9.15 percent.

From September 1, the new base rate will be effective.

PNB has said in a BSE filing that “Bank has reduced Base Rate by 20 BPS from 9.35 percent to 9.15 percent w.e.f. 01.09.2017.”

The bank has also lowered Marginal Cost of Funds Based Lending Rate (MCLR) by 20-25 bps with effect from September 1, 2017.

Read EquityPandit’s Technical Analysis on BankNifty

Get Daily Prediction & Stocks Tips On Your Mobile

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More