Punjab National Bank revises lending rate, announces management changes

Punjab National Bank [BSE: PNB] announced a revision to its Retail Lending Rate (RLLR), decreasing it from 9.10% to 8.85%, effective April 10, 2025. The RLLR includes a Base Spread Premium (BSP) of 20bps. PNB clarified that there are no changes to its existing Marginal Cost of Funds based Lending Rate (MCLR) and Base Rate. Concurrently, the bank detailed changes in its senior management. Lalit Taneja, previously General Manager of HO MSME & MCC Division, has been appointed Zonal Manager of the Zonal Office in Chandigarh. Ashwini Kumar Singh, formerly Zonal Manager of the Chandigarh Zonal Office, now takes over Taneja’s previous role as General Manager of HO MSME & MCC Division. These organizational moves are in accordance with SEBI (LODR) Regulations, 2015.