Punjab national bank has announced its decision to maintain all Marginal Cost of Funds Based Lending Rates (MCLR) unchanged effective March 1, 2026. The bank communicated this decision to stock exchanges on February 27, 2026, indicating stability in its lending rate structure.

MCLR Rate Structure Remains Stable

The bank's MCLR rates across all tenors will continue at their existing levels from March 1, 2026. The comprehensive rate structure demonstrates the bank's consistent approach to pricing its lending products based on current funding costs.

Other Key Lending Rates Maintained

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

Rate Structure Analysis

The unchanged rate structure shows a progressive increase across different tenors, with overnight rates starting at 7.95% and extending to 9.05% for three-year tenors. This tiered approach reflects the bank's risk assessment and funding cost considerations across various lending periods.

Regulatory Communication

The bank formally communicated this decision through Company Secretary Bikramjit Shom to both the National Stock Exchange of India Limited and BSE Limited. The notification ensures compliance with regulatory requirements for timely disclosure of interest rate changes to stakeholders and the investing public.

Punjab National Bank has announced a key senior management appointment, effective February 27, 2026. The bank disclosed the change in compliance with SEBI (LODR) Regulations, 2015, under Regulation 30, demonstrating its commitment to transparent corporate governance practices.

Management Appointment Details

The bank has appointed Shri Vinay Kumar to the position of Chairman RRB (Scale VII) at RRB Assam Gramin Vikash Bank, Guwahati. This appointment represents a significant role transition within the bank's organizational structure.

Professional Background

Shri Vinay Kumar brings extensive experience and strong educational credentials to his new role. His professional profile demonstrates a comprehensive background in banking and finance, positioning him well for the leadership responsibilities at RRB Assam Gramin Vikash Bank.

Educational Qualifications and Experience

• Academic Background: Bachelor of Arts (English) and Master of Business Administration (Banking and Finance)
• Professional Certification: Certified Associate of Indian Institute of Bankers (CAIIB)
• Banking Experience: Over 31 years of experience within Punjab National Bank
• Previous Assignment: Served as Zonal Manager-GM at the bank's Zonal Office in Guwahati

Regulatory Compliance

The appointment announcement was made in accordance with SEBI (LODR) Regulations, 2015, specifically under Regulation 30, read with sub clause 7 of Para A, Part A of Schedule III and SEBI Circular dated January 30, 2026. This regulatory compliance underscores the bank's adherence to transparency requirements for material changes in senior management positions.

The formal communication was signed by Bikramjit Shom, Company Secretary of Punjab National Bank, and digitally authenticated on February 27, 2026. This appointment reflects the bank's ongoing efforts to strengthen its leadership structure across various operational divisions and affiliated institutions.