Punjab National Bank keeps MCLR steady for PNB stock
Published on 10/01/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Punjab National Bank kept its one-year Marginal Cost of Funds-Based Lending Rate at 8.80 percent effective October 1, 2026, according to the bank's official rate table. The unchanged benchmark gives retail borrowers linked to the one-year MCLR a stable reference rate, while the bank's latest earnings provide the stronger operating signal.
MCLR stays at 8.80 percent
The official table shows the three-month MCLR at 8.50 percent, the six-month rate at 8.65 percent and the three-year rate at 9.10 percent from October 1, 2026. The repo-linked lending rate also stands at 8.10 percent.
The rate structure leaves the one-year benchmark unchanged while preserving a higher price for shorter three-month funding. That distinction matters because deposit costs and loan repricing can affect the spread between lending income and funding expense.
Profit growth resets the baseline
Sahi reported that standalone net profit reached INR 52.53 billion in the first quarter of fiscal 2027, compared with INR 16.75 billion in the first quarter of fiscal 2026. The resulting 213.60 percent year-on-year increase is a larger earnings signal than the lending-rate decision.
The same report put gross non-performing assets at 2.78 percent in the first quarter of fiscal 2027, down 1.00 percentage point year on year. Lower credit stress can support profitability, but the margin effect of funding costs remains important as the bank seeks further loan growth.
Valuation remains tied to asset quality
Punjab National Bank had a market capitalization of INR 1.3 trillion as of October 1, 2026. Its 52-week range was INR 98.50 to INR 135.15, placing the latest NSE quote of INR 109.57 below the annual high and above the annual low.
The combination of a 213.60 percent profit comparison and a 2.78 percent gross non-performing asset ratio gives investors two separate indicators: earnings recovery and balance-sheet quality. The next test is whether stable one-year lending rates can coexist with improving asset quality and sustainable interest margins.
Market value and company profile
Punjab National Bank stock was quoted at INR 109.57 on the NSE at 3:15 p.m. IST on October 1, 2026, compared with a prior close of INR 113.06. The bank operates in financial services and regional banking, with retail, corporate, treasury and agricultural activities forming part of its business mix.
Punjab National Bank stock facts
- Company: Punjab National Bank
- Ticker: PNB
- Primary exchange: NSE
- Primary exchange price as of October 1, 2026, 3:15 p.m. IST: INR 109.57
- Prior close: INR 113.06
- Market capitalization: INR 1.3 trillion (as of October 1, 2026)
- 52-week range: INR 98.50-135.15 (as of October 1, 2026)
- Sector / Industry: Financial Services / Regional Banks
