RLLR revised from 8.10% to 8.35% after RBI repo rate increase

RBI has increased the repo rate; PNB has revised its Repo Linked Lending Rate (RLLR) from 8.10% to 8.35%, both including BSP of 0.35%, with effect from 08.10.2026.

Wed 7 Oct 2026

RLLR revised

from 8.10% to 8.35%

BSP included

0.35% (in both rates)

Effective date

with effect from 08.10.2026; MCLR and Base Rate remain unchanged

Rate revision linked to the RBI repo move

The bank has informed the exchanges that it has revised its Repo Linked Lending Rate (RLLR) from 8.10% to 8.35%. Both the earlier and the revised rate are inclusive of a BSP of 0.35%. The change is with effect from 08.10.2026 and follows an increase in the RBI repo rate on 07.10.2026.

What changed

• Repo Linked Lending Rate (RLLR): from 8.10% to 8.35%
• Both the earlier and the revised rate include a BSP of 0.35%
• The new rate is effective from 08.10.2026

What did not change

• Marginal Cost of Lending Rate (MCLR) remains unchanged
• Base Rate remains unchanged

What this means

RLLR is a benchmark to which certain loans are linked, so a revision in this rate changes the interest cost on loans priced against it. Loans linked to MCLR or the Base Rate are not affected by this particular revision, since those benchmarks remain unchanged here.

The reason given

The revision is consequent upon an increase in the RBI repo rate on 07.10.2026.

How a retail investor can read this

For a borrower, the benchmark named in the loan agreement decides whether a given revision applies. This update concerns lending rates.

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