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The Reserve Bank of India has decreased Repo Rate to 5.5% from 6%. This means that the loan EMIs will decrease and this will be highly beneficial for all bank customers.
Consequent to this, Punjab National Bank has revised Repo Linked Lending Rate (RLLR) from 8.85% (including BSP of 20bps) to 8.35% (including BSP of 20bps) with effect from 09.06.2025. Marginal Cost of Lending Rate (MCLR) and Base Rate remain unchanged.
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