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8 months ago
BRIEF-India's Punjab National Bank cuts lending rates by 70 bps
January 1, 2017 / 12:44 PM / 8 months ago

BRIEF-India's Punjab National Bank cuts lending rates by 70 bps

MUMBAI, Jan 1 (Reuters) - Punjab National Bank

* Cuts MCLR with effect from 1 January 2017

* Overnight lending rate cut to 8.20 pct

* One-year lending rate cut to 8.45 pct

* Five-year lending rate cut to 8.75 pct Source text for Eikon: bit.ly/2ilPggn Further company coverage: (Reporting by Rahul Bhatia)

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