Millennium Post

PNB revises lending rates

The cuntry’s second largest public sector Punjab National Bank (PNB) has revised its marginal cost of funds based lending rates which would be in the range of 9.05 per cent to 9.60 per cent from October 1.

“The bank has revised the Marginal Cost of Lending Rate (MCLR) with effect from October 1, 2016,” it said in a regulatory filing. PNB has played a sterling role in the Indian economy’s rise.
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