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Punjab National Bank raises MCLR by 5 bps, increasing one-year MCLR to 8.90% and three-year MCLR to 9.20%.
Punjab National Bank (PNB) has increased its MCLR (Marginal Cost of Funds-based Lending Rate) by 5 basis points (0.05%), affecting multiple loan tenors and making consumer loans more expensive.
The one-year MCLR rises to 8.90% from 8.85%, with the three-year MCLR increasing to 9.20%.
New rates are effective from August 1, 2024, following similar moves by other public sector lenders.
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El Banco Nacional de Punjab eleva el MCLR en 5 bps, aumentando el MCLR de un año a 8,90% y el MCLR de tres años a 9,20%.