Punjab National Bank Maintains MCLR Rates Unchanged for April 2026

Punjab National Bank has announced that it will maintain its Marginal Cost of Funds Based Lending Rates (MCLR) unchanged with effect from April 1, 2026. The decision reflects the bank's assessment of current market conditions and funding costs.

MCLR Rate Structure Remains Stable

The bank's MCLR rates across all tenors will continue at their existing levels that were effective from March 1, 2026. The rate structure demonstrates a progressive increase based on tenor length, providing borrowers with various options based on their financing needs.

MCLR Tenor	Existing w.e.f. 01.03.2026	With effect from 01.04.2026
Overnight	7.95%	7.95%
One Month	8.20%	8.20%
Three Month	8.40%	8.40%
Six Month	8.60%	8.60%
One year	8.75%	8.75%
Three years	9.05%	9.05%

Other Key Lending Rates Unchanged

Beyond the MCLR rates, Punjab National Bank has also maintained its other benchmark lending rates. The Repo Linked Lending Rate (RLLR) remains at 8.10%, which includes a Bank Spread Premium (BSP) of 0.10%. The bank's Base Rate continues at 9.50%.

Rate Type	Current Rate
RLLR (including BSP)	8.10%
Base Rate	9.50%

Rate Review Process

The announcement was made through an official communication to stock exchanges dated March 30, 2026. This regular review process ensures that the bank's lending rates remain aligned with market conditions and regulatory requirements. The unchanged rates suggest stability in the bank's funding costs and market outlook for the immediate term.

The decision to maintain rates across all categories indicates Punjab National Bank's current assessment of liquidity conditions and cost of funds. Borrowers with existing loans linked to these rates will continue to pay interest based on the unchanged rate structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.35%	-4.73%	-22.31%	-10.87%	+4.49%	+178.17%

Punjab National Bank has announced changes to its Statutory Central Auditors (SCAs) for the Financial Year 2025-26, following regulatory requirements under SEBI (LODR) Regulations, 2015. The announcement was made on March 25, 2026, in compliance with Regulation 30 read with clause 7 of Para A Part A of Schedule III.

Auditor Change Details

Pursuant to a Reserve Bank of India letter dated March 25, 2026 (Ref: DOS.ARG.No.59687/08:10:003/2025-26), M/s P S D & Associates, Chartered Accountants, has ceased to be part of the bank's Statutory Central Auditors team with immediate effect. The cessation became effective on March 25, 2026.

Parameter:	Details
Reason for Change:	Pursuant to RBI letter dated March 25, 2026
Reference Number:	DOS.ARG.No.59687/08:10:003/2025-26
Date of Cessation:	March 25, 2026
Affected Firm:	M/s P S D & Associates, Chartered Accountants

Continuing Statutory Central Auditors

The bank will continue operations with four remaining audit firms as Statutory Central Auditors for FY2025-26. These firms represent a mix of experienced auditors in their second and third years of tenure with the bank.

Audit Firm:	Location	Tenure
M/s Ummed Jain & Co. (FRN 119250W, UCN 290292):	Mumbai	3rd year
M/s N K Bhargava & Co. (FRN 000429N, UCN 005772):	Delhi	3rd year
M/s Prem Gupta & Co. (FRN 000425N, UCN 101128):	Delhi	2nd year
M/s P A & Associates (FRN 313085E, UCN 260118):	Odisha	2nd year

Regulatory Compliance

The disclosure was submitted in compliance with Regulation 30 and 51 of SEBI (LODR) Regulations, 2015. The bank's Company Secretary, Bikramjit Shom, signed the official communication to both the National Stock Exchange of India Limited and BSE Limited, informing the exchanges of this change in the auditor composition.

The bank has requested the stock exchanges to take this information on record as part of its ongoing regulatory compliance obligations. The change ensures continued adherence to statutory audit requirements while maintaining operational continuity in the bank's audit processes.