PNB REDUCES ITS OVERNIGHT MCLR TO 8.20% W.E.F 01.01.2017

Sh. S.R .Bansal appointed as Executive Director of PNB  by Government of....

Reduction in Marginal Cost of Funds 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%

 

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Author: sarkarimirror