PNB to hike MCLR by 10 bps across tenures from Wednesday : c

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.

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