Punjab National Bank will increase all of its marginal cost of funds-based lending rates by 10 basis points, with effect from this Wednesday.
After the revision, the bank's lending rates will be in the range of 8.00-8.80%.
The state-owned lender increased the MCLR across tenures by 10 bps in February.
Following RBI s rate hike, several banks have increased their lending interest rates including the Marginal Cost of Funds Based Lending Rate (MCLR) and Revised Repo Based Lending Rate (RBLR)
IndusInd Bank has increased its marginal cost of funds-based lending rate on overnight to one-year tenures by 10-15 basis points as of today, according to information on the lender's website.
The bank has not adjusted the interest rates for the two-year and three-year terms. Loan interest rates would vary from 8.95 to 10.15% after the modification.
Axis Bank has increased its marginal cost of funds-based lending rates by 10 basis points across tenures as of Saturday, as per the information on the bank's website.
The bank's loans will have updated interest rates that fall between 8.70 and 9.50%. The lender increased the MCLR across all tenures by 5 bps in January.