Punjab National Bank — Important, 06-06-2025: General Updates

Punjab National Bank has announced a board meeting to review the financial results for the quarter and half-year. Following the RBI’s repo rate cut, PNB has lowered its Repo Linked Lending Rate (RLLR) from 8.85% to 8.35%, while MCLR and Base Rate remain unchanged. This rate cut could boost loan demand by making borrowing cheaper, potentially supporting loan growth, though it may also pressure interest margins in the near term.