Punjab National Bank (PNB) has cut its Marginal Cost of Funds-based Lending Rate (MCLR) by 5 basis points (bps) across all loan tenures in July. This move is likely aimed at boosting credit demand and supporting retail borrowers amid evolving market conditions. Indian Bank and Bank of India have also cut their MCLR in the range of 5 basis points.
short by
Vaishnavi Mishra /
04:03 pm on
04 Jul