LENDING RATES LINKED WITH BPLR AND BASE RATE BPLR - 14.25% (w.e.f. 01.08.2011) (14 % w.e.

f from 01.05.2012) BASE RATE - 10.75% (w.e.f. 01.08.2011) (10.50 w.e.f from 01.05.2012) Tenor premium of 0.50% is to be added for arriving at interest rate in respect of loans repayable in 3 years & above. 1. (A) Agricultural Advances BPLR System a) Advances upto Rs. 50,000/i) Agricultural production credit ii) Agri. Term loans iii) PNB Kalyani Card b) Advances over Rs. 50,000/- but upto Rs.2 lakh c) Advances over Rs.2 lakh but upto Rs.20 lakh d) Advances over Rs.20 lakh Credit Risk Rating AAA AA A BB B C D BPLR -0.75% BPLR BPLR -1.00% BPLR BPLR As per credit risk rating BPLR System BPLR BPLR + 0.50% BPLR + 1.00% BPLR + 1.50% # BPLR + 2.00% # BPLR + 2.00% # BPLR + 2.00% # BR + 2.25% BR + 3.00% BR + 2.00% BR + 3.00% BR + 3.00% As per credit risk rating Base Rate System BR + 3.25% BR + 3.50% BR + 4.00% BR + 4.50% ## BR + 5.00% ## BR + 5.00% ## BR + 5.00% ## Base Rate System

# Financing under Capital Investment Subsidy Scheme of National Horticulture Board for construction/ expansion/ modernization of cold storages and storages for horticulture produce, will continue @ BPLR + 1.00 for existing accs under BPLR system.
## Financing under Capital Investment Subsidy Scheme of National Horticulture Board (NHB)/National Horticulture Mission or any such Govt. Agency for construction/ expansion/ modernization of cold storages and

storages for horticulture produce (Subsidy through NHB) will continue @ base rate + 1%+TP till 31.03.2012.

Interest is 7% p.a. in the regular Corp loan/KCC accounts on running balance outstanding upto Rs. 3 lakh. On the irregular acccounts/outstanding beyond Rs. 3 lakh, normal rate of interest is to be charged. The above guidelines are applicable for the year 2010-11 also and are linked to the subventionas per GOI/RBI guidelines. ( Please also refer PS & LB Divn. , HO circular issued in this regard from timeto time. 1. ( B) Micro & Small Enterprises Advances ( MSE) including Trading Advances covered under MSME Act BPLR System Base Rate System a) Advances upto Rs. 50,000/i) Micro Enterprises ii) Small Entp. b) Advances over Rs. 50,000/- but upto Rs.2 lakh c) Advances over Rs.2 lakh but upto Rs.20 lakh d) Advances over Rs.20 lakh Credit Risk Rating AAA AA A BB B C D BPLR System BPLR -1.00% BPLR -0.50% BPLR BPLR As per credit risk rating Base Rate System Above Rs. 20 lakh Rs. 5.00 crore to to less than Rs. 5.00 less than Rs. 50.00 crore crore BR + 3.00% BR + 3.50% BR + 4.00% BR + 4.50% BR + 5.00% BR + 5.00% BR + 5.00% BR + 3.00% BR + 3.25% BR + 3.50% BR + 4.25% BR + 5.00% BR + 5.00% BR + 5.00% Rs. 50.00 crore & above BR + 2.25% BR + 2.50% BR + 3.00% BR + 3.75% BR + 4.50% BR + 5.00% BR + 5.00% BR + 2.00% BR + 2.50% BR + 3.00% BR + 3.00% As per credit risk rating

BPLR BPLR + 0.50% BPLR + 1.00% BPLR + 1.50% BPLR + 2.00% BPLR + 2.00% BPLR + 2.00%

i. Advances to Micro & Small Enterprises under MSME category of borrowers enjoying fund based limits upto Rs. 25 lakh will be given concession of 75 bps in rate of interest.

ii. Concession in the interest rates is to be extended to MSME borrowers having CRISIL/SMERA/ICRA/ONICRA rating grades ranging from 1-3 out of total 8 rating grades. MSME borrowers falling in first two rating grades i.e. 1 & 2 may be given concession of 0.50% and borrowers rated in grade-3 may be given concession of 0.25% in interest rates for respective category of borrower(s). However, it is to be ensured that at a time only one concession will be admissible to the borrowers having good rating of SMERA/ CRISIL/ICRA/ONICRA. 1. (C) Trading Advances not covered under MSME Act BPLR System i. Upto Rs.2 lac ii. Above Rs. 2 lac & up to Rs.50 lac iii. Above Rs.50 lac AAA AA A BB B C D 1.(D) Doctors Loan BPLR System a) General Scheme Less than 3 yrs BPLR 3 yrs & above BPLR + TP Base Rate System Less than 3 yrs BR + 3.00% 3 yrs & above BR + 3.00% + TP BPLR BPLR+1.00% As per Credit Risk Rating BPLR + 1.00% BPLR + 1.50% BPLR + 2.00% BPLR + 2.50% BPLR + 3.00% BPLR + 3.00% BPLR + 3.00% Base Rate System BR + 3.50% BR + 4.00% As per Credit Risk Rating BR + 4.00% BR + 4.50% BR + 5.00% BR + 5.50% BR + 6.00% BR + 6.00% BR + 6.00%

b) Gramin Chikitsak

As applicable for Housing Loans with repayment period upto

10 years under fixed option.

1(E). Scheme for financing Service Sector PNB SUPER TRADE(MSE)

Realizable value of collateral security of the aggregate limits:(i) 150% and above but < 200% - BR+3% (ii) 200% and above - BR+2.50% 2. Tractor Loans BPLR System BPLR Base Rate System BR + 3.00%

3. (a) Financing under Capital Investment Subsidy Scheme for construction/ renovation/ expansion of rural godowns BPLR System BPLR Base Rate System BR + 3.00%

On loans sanctioned upto 31.03.2012 eligible for agrculture and other PS advances category with risk rating B and above, intererst will be charged @ BR+1.00%+TP till 31.03.2012. 3. (b) Advances for construction of Godowns as per FCI/CWC specifications Particulars a) Upto Rs. 20 lakh/ exempted from credit risk rating b) Advances over Rs. 20 lakhs AAA AA A BB B C BPLR System BPLR As per credit risk rating BPLR BPLR + 0.25% BPLR + 0.50% BPLR + 0.75% BPLR + 1.00% BPLR + 1.50% Base Rate System BR + 3.00% As per credit risk rating BR + 3.00% BR + 3.25% BR + 3.50% BR + 3.75% BR + 4.00% BR + 4.50%

D BPLR + 2.00% BR + 5.00% On loans sanctioned upto 31.03.2012 eligible for agrculture and other PS advances category with risk rating B and above, intererst will be charged @

BR+1.00%+TP till 31.03.2012. 4. (a) Financing against pledge of warehouse receipts issued by CWC having forward sale contract with members/brokers of NMCE Particulars (a) Upto Rs.2 Lakh (b) Over Rs.2 Lakh BPLR System BPLR BPLR + 1.00% Base Rate System BR + 3.00% BR + 4.00%

4. (b) Schemes for financing against pledge of warehouse receipts issued by Collateral Managers Particulars Upto Rs. 10 Lakhs in case of individual farmers. BPLR System BPLR -2.00% Base Rate System BR + 1.00%*

Above Rs. 10 Lakhs to farmers including SHGs/JLGs BPLR BR + and other than farmers irrespective of amount -1.00% 1.00%* * Inclusive of collateral management charges On fresh loans sanctioned upto 30.06.2012 till next renewal or adjustment of demand loan with a ceinling of maximum 12 months, eligible for agrculture and other PS advances category with risk rating B and above. The above intererst rates will be charged till 30.06.2012. 5. (a) Advances to Food and agro-based processing units i.e. Rice Sheller units /Cold Storage Units / Seed Processing Units / Flour Mills/ Oil Mills, and (b) Advances to units engaged in Food and Agro processing activities like manufacturing/processing of Pulses, Dal, Suzi, Besan etc. & its allied activities provided that the advances are covered under Priority Sector in terms of PS&LB Division circular on Priority Sector Advances Classification & Report issued from time to time) Particulars 1. Upto Rs. 20 lakh BPLR System BPLR * Base Rate System BR + 3.00% **

2. Over Rs. 20 lakh As per credit risk rating As per credit risk rating (*) Working capital limits upto Rs.50000/-, it will be BPLR minus 0.75% for existing accounts under BPLR system. (**) Working capital limits upto Rs.50000/-, it will be @ Base Rate + 2.25%. Credit Risk Rating BPLR System Base Rate System AAA BPLR BR + 3.00%

AA A BB B C D

BPLR + 0.25% BPLR + 0.50% BPLR + 0.75% BPLR + 1.00% BPLR + 1.50% BPLR + 2.00%

BR + 3.25% BR + 3.50% BR + 3.75% BR + 4.00% BR + 4.50% BR + 4.75%

6. (a) Advances under Self Help Group Scheme (SHGs) Particulars A) Upto Rs.50,000/A i) Micro entp. (upto 50000/-) B) Over Rs.50,000/- & Upto Rs. 2 lakh B i) Micro entp.over Rs.50,000/- & Upto Rs. 2 lakh BPLR System BPLR minus 0.75% BPLR minus 1.00% * BPLR minus 0.25% BPLR minus 0.75% * Base Rate System BR + 2.25% BR + 2.00% ** BR + 2.75% BR + 2.25% **

C) Over Rs. 2 lakh BPLR BR + 3.00% (*) In case of micro enterprises up to Rs. 50,000/- under SHGs, the rate will be BPLR minus 1% and above Rs.50000/- & upto Rs.2 Lacs, the rate of interest will be BPLR minus 0.75% for existing accs under BPLR system. (**) In case of micro enterprises up to Rs. 50,000/- under SHGs, the rate will be Base Rate + 2.00% and above Rs.50000/- & upto Rs.2 Lacs, the rate of interest will be Base Rate + 2.25%. 6. (b) Scheme for financing Micro-Financing Institutions (MFIs) for on-lending to individual members or SHGs/JLGs Credit Risk Rating AAA AA A BB BPLR System BPLR BPLR + 0.50% BPLR + 1.00% BPLR + 1.50% Base Rate System BR + 3.00% BR + 3.50% BR + 4.00% BR + 4.50%

6. (c) Scheme for Portfolio Buy Out of microfinance receivables/other receivables of MFIs / NBFCs under direct agriculture Credit Risk Rating AAA AA A BB BPLR System BPLR 1.00% BPLR 1.00% BPLR BPLR + 1.00% Base Rate System BR + 2.00% BR + 2.00% BR + 3.00% BR + 4.00%

7. Financing Solar Water Heater Systems BPLR System 12.50% 8. Advances to Film Production/Entertainment Industry Particulars a) Advances upto Rs. 2 lakh b) Advances over Rs.2 Lakh but upto Rs.20 Lakh c) Advances over Rs. 20 lakh AAA AA A BB B C D 9. (a) Advances to Commercial Real Estate Particulars a) Advances upto Rs. 2 lakh b) Advances over Rs.2 Lakh but upto BPLR System BPLR BPLR +3.50% Base Rate System BR + 3.00% BR + 6.50% BPLR System BPLR BPLR + 2.00% As per credit risk rating BPLR BPLR + 0.50% BPLR + 1.50% BPLR + 2.00% BPLR + 2.75% BPLR + 3.25% BPLR + 3.50% Base Rate System BR + 3.00% BR + 5.00% As per credit risk rating BR + 3.00% BR + 3.50% BR + 4.50% BR + 5.00% BR + 5.75% BR + 6.25% BR + 6.50% Base Rate System 12.50%

Rs.20 Lakh c) Advances over Rs.20 lakh AAA AA A BB B, C, D As per credit risk rating BPLR + 1.50% BPLR + 2.00% BPLR + 3.00% BPLR + 3.50% BPLR + 4.00% As per credit risk rating BR + 4.50% BR + 5.00% BR + 6.00% BR + 6.50% BR + 7.00%

9. (b) Advance against future lease rentals (CRE category) Particulars Upto Rs.10 Lacs Above Rs.10 Lacs upto Rs.50 Lacs Above Rs.50 Lacs upto Rs. 1 crore Above Rs.1 crore to Rs 10 crore Above Rs 10 crore to Rs 50 crore Above Rs 50 crore Base Rate System Less than 3 yrs BR + 3.50% BR + 4.00% BR + 4.50% BR + 4.50% BR+3.00% BR+2.50% 3 yrs & above BR + 3.50% + TP BR + 4.00% + TP BR + 4.50% + TP BR + 4.50% + TP BR+3.00%+TP BR+2.50%+TP

9. (C) Advance against future lease rentals (Non-CRE category) BPLR System Particulars Upto Rs.10 Lacs Less than 3 yrs BPLR 3 yrs & above Base Rate System Less than 3 yrs 3 yrs & above

BPLR+0.50%+TP BR+3.00% BR+3.00%+TP

Above Rs.10 BPLR+1.00% BPLR+1.00%+TP BR+3.50% BR+3.50%+TP Lacs upto Rs.50 Lacs Above Rs.50 BPLR+1.50% BPLR+1.50%+TP BR+4.00% BR+4.00%+TP Lacs upto Rs. 1 crore Above Rs.1 BPLR+2.00% BPLR+2.00%+TP BR+4.00% BR+4.00%+TP

crore to Rs 10 crore Above Rs 10 BPLR+2.00% BPLR+2.00%+TP BR+2.50% BR+2.50%+TP crore to Rs 50 crore Above Rs 50 BPLR+2.00% BPLR+2.00%+TP BR+2.00% BR+2.00%+TP crore In case of accounts under BPLR system the existing rates shall continue. However, in accounts sanctioned before 03.01.2009, interest will not be charged below 13.50% even in case of downward revision in BPLR. 10. Financing against assured future receivables (PNB Cash Flow Discounting) Particulars (a) Upto Rs.20 Lakh (b) Over Rs.20 Lakh BPLR System BPLR As per credit risk rating applicable to borrowers as defined in Para No.12 Base Rate System BR + 3.00% As per credit risk rating applicable to borrowers as defined in Para No.12

11. (a) Financing under Supply Chain Scheme Particulars (a) Bill Dis-counting Facility (b) Overdraft BPLR System BPLR BPLR + 1.00% Base Rate System BR + 3.00% BR + 4.00%

11. (b) Financing dealer for purchase of vehicles from RMCs BPLR System BPLR minus 0.50% Base Rate System BR + 2.50%

12. Advances to other categories of borrowers including NBFCs, Sugar units, Services Sector & advances to medium & large enterprises

The interest rates for Advances to borrowers, for which rates have not been specified elsewhere in the circular, shall be fixed as under:Particulars BPLR System Base Rate System a) Advances upto Rs. 2 lakh b) Advances over Rs. 2 lakh but upto Rs. 20 lakh Score 90 & Above 80-89 70-79 Below 70 BPLR BR + 3.00% On the basis of rating as per compliance of parameters given as below: Rating AA A+ A B BPLR System BPLR + 0.50% BPLR + 1.50% BPLR + 2.50% BPLR + 3.50% Base Rate System BR + 3.50% BR + 4.50% BR + 5.50% BR + 6.50%

Advances over 2 lakhs to 20 Lakhs ND-SI-NBFCs: BPLR System BPLR + 3.50% Base Rate System BR + 6.50%

c) Advances over Rs. 20 lakh : As per credit risk rating i. ND-SI NBFCs (other than AFCs) Credit Risk Rating BPLR System Base Rate System AAA AA A BB B, C, D BPLR + 1.50% BPLR + 2.00% BPLR + 3.00% BPLR + 3.50% BPLR + 4.00% BR + 4.50% BR + 5.00% BR + 6.00% BR + 6.50% BR + 7.00%

ii. Other categories of borrowers/other NBFCs Credit Risk Rating AAA AA A BPLR System BPLR BPLR + 0.50% BPLR + Base Rate System Above 20 Lacs to Less than 5 Cr BR + 3.00% BR + 3.50% BR + 4.00% Rs. 5 Cr to Less Rs. 50 Cr and than 50 Cr Above BR + 3.00% BR + 3.25% BR + 3.50% BR + 2.25% BR + 2.50% BR + 3.00%

1.50% BB B C D BPLR + 2.00% BPLR + 2.75% BPLR + 3.25% BR + 4.50% BR + 5.00% BR + 5.50% BR + 4.25% BR + 5.00% BR + 5.50% BR + 3.75% BR + 4.50% BR + 5.25%

BPLR + BR + 6.00% BR + 6.00% BR + 6.00% 3.50% As regards accounts exempted from the purview of Credit Risk Rating (viz. advances to Central/State Govt. Departments/Undertakings, which are not running on commercial basis or supported by Govt.), interest rate of BPLR + 1.00% will be applicable for accounts under BPLR AND interest rate of Base Rate + 4.00% will be applicable w.e.f. 1/07/2010 for accounts under Base Rate System 13. Adhoc Limits In case of Adhoc limits, interest @ 2% above the normal interest rate applicable to the borrower be charged. 14. Transport Operators Particulars
a) Advances upto Rs. 50,000/i) Micro Enterprises ii) Small Enterprises b) Advances over Rs. 50,000/- but upto Rs.2 lakh c) Advances over Rs.2 lakh but upto Rs.20 lakh d) Advances over Rs.20 lakh

BPLR System

Base Rate System BR+2.00%

BPLR

BR+2.50% BR+3.00% BR + 3.00%

BPLR+1.00%

BR + 4.00%

15. Bank Premises BPLR System Base Rate System

BPLR BR + 3.00% Effective 30.7.94, in case of Term Loans sanctioned for Bank Premises, the contractual rate of interest stipulated at the time of sanction of the loan be charged

and periodical revision of interest rates in such advances should not be made. 16. Exposure to Capital Market Particulars (a)Advance against Shares/ Debentures (b) Advances for IPOs/ESOP IPO upto 90 days & ESOP IPO (over 90 days) (c) Advance to Share & Stock Brokers including Margin Trading 17. Advance Against: Particulars a)Life Insurance Policies (LIP)/Postal securities (NSC/KVP/IVP)/RBI Relief Bonds I. Demand Loan II. Overdraft b)Other Govt. Securities, Bonds,Units ofMutual Fund, FDRs of PNB Subsidiaries, etc. 18. DRI Advances 4.00% 19. Clean Advances BPLR System BPLR + 3.50% 20. Advances Against Banks Own Deposits Base Rate System BR + 6.50% BPLR BPLR + 0.50% BPLR + 0.50% BR + 3.00% BR + 3.50% BR + 3.50% BPLR System Base Rate System BPLR + 1.50% BPLR + 3.50% BPLR + 1.50% BR + 4.50% BR + 6.50% BR + 4.50% BPLR System BPLR + 3.50% Base Rate System BR + 6.50%

Particulars

Rate of Interest

Rupee Loans & Advances against Term Deposits standing 2% above the rate in the name of Individual borrower (singly/jointly or as a allowed on deposit guardian), including NRE deposits: Rupee Loans & Advances against Term Deposits standing 2% above the rate in the name of the borrower other than individuals e.g. allowed on deposit Partnership Concerns, Societies, Trusts, Public/Private Ltd Cos etc). Advances to Individual borrowers against third party term deposits including NRE deposits standing in the name of individuals or entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/ Private Ltd Cos etc. Rupee Loans & Advances to entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/Private Ltd Cos etc. against third party Term Deposits including NRE deposits standing in the name of individual or entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/ Private Ltd Cos etc. Rupee Loans & Advances against FCNR(B) Deposits standing in the name of the borrower (singly/jointly or as a guardian) Advances against third party FCNR(B) deposits Advances against term deposits held by the bank for less than minimum stipulated period of FDR (on cancellation) and for advances against balance lying in current/ savings a/c) 21. a) New Projects Established by Existing & Fresh Borrowers; b) Takeover of Accounts from Banks/FIs:The rates of interest for the above shall be applicable based upon the scheme and the segment under which advance has been made and the credit risk rating of the account. 22. Sick/Weak Units - EXISTING RATES TO CONTINUE Particulars (a) Under Rehabilitation (b) Where rehabilitation is being considered or BPLR System Interest as per package. As per item 12. 2% above the rate allowed on deposit subject to minimum of Base rate. 3% above the rate allowed on deposit or (Base rate + 3%), whichever is higher.

BPLR- 2.00%

BPLR BPLR

proposed 23. Intermediary Agencies Particulars (a) Loans sanctioned upto 31.01.2000 (i) Finance granted to Intermediary Agencies (excluding those for Housing)for on lending to Ultimate Beneficiaries and Agencies providing input support (ii) Finance granted to Housing Finance Intermediary Agencies for on lending to Ultimate Beneficiaries (b)Term Loans sanctioned w.e.f. 01.02.2000 and Working Capital Advance to Intermediary Agencies (including Housing Finance Agencies) 24. Discounting Of Bills Tenor of the Bills backed by confirmed ILCs of approved banks Upto 90 days 91 to 180 days 181 days upto less than 1 year Bills not backed by ILCs BPLR System Base Rate System BPLR BR + 3.00 BPLR System Base Rate System

BPLR

BR + 3.00

Minimum BPLR

Minimum BR + 3.00

BPLR minus 3% BPLR minus 2% BPLR + 1.25% Interest Rates as applicable to Working Capital Limits

BR + 0.50% BR + 1.00% BR + 1.50% Interest Rates as applicable to Working Capital Limits

25. Rate structure under Refinance and Rediscounting Schemes As Advised separately through L&A Circulars. 26. RUPEE EXPORT CREDIT Particulars BPLR System Base Rate System

Pre-shipment Credit (i) Upto 270 days (ii) Against incentives receivable from Govt. covered by ECGC Guarantee (upto 90 days) Post-Shipment Credit: (i) Demand bills for transit period (as specified by FEDAI) (ii) Usance bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable).Upto 180 days (iii) Overdue bills upto 180 days from the date of advance (iv) Against incentives receivable from Govt. covered by ECGC Guarantee (upto 90 days) (v) Against undrawn balance (upto 90 days) (vi) Against retention money (for supplies portion only) payable within one year from the date of shipment (upto 90 days) Deferred Credit: Deferred credit for the period beyond 180 days. Export Credit Not Otherwise Specified (ECNOS): (i) Pre-shipment Credit (ii) Post-shipment Credit

BPLR minus 2.50% BPLR minus 2.50% BPLR minus 2.50% BPLR minus 2.50%

BR + 0.75% BR + 0.75% BR + 0.75% BR + 0.75%

BPLR minus 2.50% BPLR minus 2.50% BPLR minus 2.50% BPLR minus 2.50% BPLR + 3.50% BPLR + 3.50% BPLR + 3.50%

BR + 0.75% BR + 0.75% BR + 0.75% BR + 0.75% BR + 6.00% BR + 6.00% BR + 6.00%

27. Term Loans to Exporters (Over Rs. 2 lakh) Particulars Sanctioned upto 31.01.2003 Sanctioned on or after 01.02.2003 BPLR System As per terms of the sanction BPLR Base Rate System BR + 3.25%