Punjab National Bank (PNB) is cutting its benchmark lending rate by 5 basis points to 6.50 per cent. The Repo Linked Lending Rate (RLLR) has been reduced from 6.55 per cent to 6.50 per cent with effect from November 8. As part of continued efforts to enhance customer service, PNB also launched a range of deals and offers on its retail loans this festive season.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.