7/12/2025, 4:33:02 pm

PNB reduces repo-linked lending rates by 25 basis points after RBI decision

Punjab National Bank (PNB) lowered its Repo Linked Lending Rate (RLLR) from 8.35% to 8.10%, a day after the RBI cut its repo rates by 25 basis points. PNB's change is effective immediately, while the Marginal Cost of Lending Rate (MCLR) and Base Rate remain unchanged. This rate cut benefits home loan borrowers linked to RBI repo rates, reducing their EMIs.