Punjab National Bank — Important, 31-01-2025: Updates

The Marginal Cost of Funds Based Lending Rate (MCLR) for Punja National Bank (PNB) will change effective from 01.02.2025. The updated rates are as follows: Overnight at 8.40%, One Month at 8.50%, Three Months at 8.70%, Six Months at 8.90%, One Year at 9.05%, and Three Years at 9.35%. This adjustment reflects the bank's response to funding costs and may influence borrowing costs for customers. Investors should monitor the implications of these rate changes on loan demand and the bank's net interest margin. Overall, there could be a moderate impact on profitability, necessitating close attention.