UCO Bank has announced a revision in its benchmark rates, effective from 10 May 2026. The bank’s Asset Liability Management Committee (ALCO) has reviewed and adjusted the rates, impacting various tenors of the Marginal Cost of Funds based Lending Rate (MCLR) and other benchmarks.
The MCLR for the overnight tenor has been set at 7.90%, while the one-month tenor is at 8.15%. The three-month MCLR stands at 8.40%, the six-month at 8.65%, and the one-year MCLR at 8.75%. These rates remain unchanged from their previous levels.
In terms of other benchmark rates, the Treasury Bill Linked Rate (TBLR) for the three-month period has been reduced from 5.35% to 5.30%. The six-month and twelve-month TBLR rates remain unchanged at 5.50% and 5.60%, respectively.
Additionally, the UCO G-Sec Rate for one year has been slightly increased from 5.72% to 5.74%. Meanwhile, the 10-year G-Sec Rate’s yield to maturity (YTM) has been adjusted from 7.24% to 7.21%.
The Repo Linked Rates, including UCO Float and UCO Prime, as well as the Base Rate and BPLR, remain unchanged. The UCO Float rate is maintained at 8.05%, UCO Prime at 5.25%, the Base Rate at 9.60%, and the BPLR at 14.25%.
These revisions reflect UCO Bank‘s response to the current financial climate and aim to align its lending rates with market conditions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).