Punjab National Bank has kept its Marginal Cost of Funds Based Lending Rates (MCLR) unchanged with effect from June 1, 2026. The bank confirmed that all benchmark tenors will retain their existing interest rates, ensuring stability for borrowers across various loan categories. The decision impacts key lending metrics including the overnight and one-year MCLR tenors.

The overnight MCLR remains steady at 7.95%, while the one-month and three-month tenors stay at 8.20% and 8.40% respectively. Longer tenors have also been maintained, with the six-month MCLR at 8.60% and the one-year MCLR at 8.75%. The three-year MCLR continues to be the highest at 9.05%.

MCLR Rates Comparison

Beyond the MCLR, the bank has also maintained its other benchmark lending rates. The Repo Linked Lending Rate (RLLR) stands at 8.10%, which includes a Basic Spread of 0.10%. The Base Rate remains unchanged at 9.50%.

The announcement was communicated to the stock exchanges by Bikramjit Shom, Company Secretary of Punjab National Bank . The filing confirmed that these rates are effective from the specified date in June 2026.

Punjab National Bank has scheduled its 25th Annual General Meeting for June 20, 2026, to declare a final dividend and approve audited financial statements for the financial year ended March 31, 2026. The meeting will be conducted via video conferencing and other audio visual means without the physical presence of shareholders at a common venue. The Board of Directors has recommended a final dividend of ₹3 per equity share of face value ₹2 each for the financial year 2025-26.

The record date for determining shareholder entitlement to the dividend is June 13, 2026. The bank stated that dividend payments will be made only in electronic mode to shareholders with updated bank account details. Shareholders are required to ensure their bank details, PAN, and contact information are current with their depository participants or the bank's registrar and transfer agent to receive the payout.

Agenda and Voting

The ordinary business agenda includes the adoption of the audited balance sheet as at March 31, 2026, and the profit and loss account for the year ended March 31, 2026. Special business includes the approval of material related party transactions and the appointment or re-appointment of directors on the Board.

E-voting and Participation

Remote e-voting facilities will be available from 9:00 a.m. IST on June 17, 2026, until 5:00 p.m. IST on June 19, 2026. The bank has appointed National Securities Depository Limited (NSDL) to facilitate the remote e-voting and e-voting during the AGM. Shareholders participating via video conferencing will be counted for the purpose of quorum under Section 103 of the Companies Act, 2013.

The Annual Report for FY 2025-26, containing the AGM notice, has been sent electronically to shareholders with registered email addresses. Physical copies have not been dispatched; instead, a letter with the web-link to the report on the bank's website has been sent to other shareholders. The documents are also available on the bank's website and the websites of BSE Limited and National Stock Exchange of India Limited.