PNB shares in focus after cutting RLLR to 8.85% from 9.10%
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Shares of Punjab National Bank (PNB) are expected to be in focus on Friday, April 11, following the lender’s announcement of a downward revision in its Repo Linked Lending Rate (RLLR). The bank has revised its RLLR from 9.10% to 8.85% (including a 20 basis points spread) effective April 10, 2025. This move signals a marginal reduction in borrowing costs for customers linked to RLLR-based loans. The revision, though modest, comes at a time when interest rate trends remain closely watched by investors amid evolving inflation and monetary policy signals. PNB has clarified that there will be no changes to its existing Marginal Cost of Funds Based Lending Rate (MCLR) and base rate. Additionally, the bank informed the exchanges about a change in senior management roles. Lalit Taneja, who previously served as GM of the HO MSME & MCC Division, has now been appointed as Zonal Manager – GM of the Zonal Office in Chandigarh. In a corresponding m...