Diabytes
PNB reduces MCLR by 70 bps with effect from Jan 1
After SBI, Punjab National Bank (PNB) has slashed its overnight Marginal cost of funds based lending rate (MCLR) by 70 bps to 8.20 per cent.
Trending Photos
5- 10
- 10
- 12
 "PNB reduces MCLR by 70 bps with effect from Jan 1")
New Delhi: After SBI, Punjab National Bank (PNB) has slashed its overnight Marginal cost of funds based lending rate (MCLR) by 70 bps to 8.20 per cent. The change will be applicable with effect from January 1 this year.
Around 85 basis points have been reduced in MCLR since November 2016.
This move has been prompted by huge flow of deposit into PNB post November 8 demonetisation announcement.
 "DNA: Why is Gandhi family 'tax free'?")
 "DNA: Why Did RBI Ban Kotak Mahindra Bank?")
 "DNA: These apps can hack and empty your bank account!")
 "DNA: Will government take your property?")
 "DNA: Video of 'Maoist conspiracy' on Rahul Gandhi's seat")
 "DNA: Jailed Sheikh Shahjahan breaks down on camera")
 "DNA: Is your car insurance fake?")
 "DNA: How to stop Hindu-Muslim politics?")
 "DNA: What is saccharin and artificial sweetener?")
 "DNA: Will world drown in glacier water?")
