Corporate Announcement
Security Code : 533295    Company : PSB    
 
Announcement under Regulation 30 (LODR)-Interest Rates UpdatesDownload PDF Download XBRL
  Exchange Received Time  16/10/2018 11:06:34         Exchange Disseminated Time   16/10/2018 11:06:37              Time Taken   00:00:03
Punjab & Sind Bank - Declaration of Marginal Cost of Funds Based Lending
Rate (MCLR) w.e.f. 16.10.2018 - Compliance of Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015

We hereby inform that as per the Guidelines of Reserve Bank of India, our Bank has reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16.10.2018


S.No. Tenor MCLR (%) w.e.f. 16.10.2018
1. Overnight MCLR 8.00
2. One month MCLR 8.20
3. Three month MCLR 8.40
4. Six month MCLR 8.50
5. One Year MCLR 8.80
6. Three Year MCLR 9.10



Further the ALCO has also resolved to keep the existing rate of Base Rate unchanged at 9.70% and BPLR at 14.00%.

We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

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