PNB cuts MCLR, base rate by up to 0.25%

News, Business

New Delhi: PNB has cut marginal cost-based lending rates by up to 0.25% for select maturities, effective September 1. The bank has also slashed its base rate by 0.20% to 9.15%. It has trimmed the MCLR by 0.25% each for overnight to 7.75%. PTI