Punjab & Sind Bank has informed that as per the Guidelines of Reserve Bank of India, Bank has reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16.01.2021. Further, ALCO has decided to keep the existing Base rate and BPLR unchanged at 9.70% & 14.00% respectively. Details regarding the same as enclosed.
The above information is a part of company’s filings submitted to BSE.