PNB hikes lending rate by 5 bps across tenors

The benchmark one-year tenor MCLR, which is used to price most consumer loans such as auto and personal, will be at 8.90 per cent against the earlier rate of 8.85 per cent, PNB said in a regulatory filing. The three-year MCLR stands at 9.20 per cent, up 5 basis points.