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PNB raises benchmark lending rate by up to 0.2 pc

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New Delhi
Punjab National Bank on Saturday increased its benchmark lending rates or MCLR for the short-term loans by up to 0.2 per cent.

With the revision overnight Marginal Cost of Funds Based Lending Rate (MCLR) stands at 8.2 per cent as against 7.9 per cent, PNB said in a filing on stock exchanges. The MCLR for a one-month tenor increased to 8.10 per cent from 8.05 per cent earlier.

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