UCO Bank has announced a revision in its benchmark rates, effective from 10 April 2026. The bank’s Asset Liability Management Committee (ALCO) reviewed and updated several rates, including the Marginal Cost of Funds based Lending Rate (MCLR) and other benchmark rates.
The MCLR rates for various tenors remain unchanged, with the overnight rate at 7.90%, one-month rate at 8.15%, three-month rate at 8.40%, six-month rate at 8.65%, and one-year rate at 8.75%. However, changes have been made to other benchmark rates.
The Treasury Bill Linked Rate (TBLR) for a three-month period has been increased from 5.30% to 5.35%, while the six-month and twelve-month TBLR rates remain stable at 5.50% and 5.60%, respectively. Additionally, the UCO G-Sec Rate for a one-year period has been adjusted from 5.58% to 5.72%.
The 10-year G-Sec Rate Yield to Maturity (YTM) has also been revised from 6.83% to 7.24%. Meanwhile, the Repo Linked Rate for both UCO Float and UCO Prime remains unchanged at 8.05% and 5.25%, respectively. The Base Rate and the Benchmark Prime Lending Rate (BPLR) are maintained at 9.60% and 14.25%, respectively.
These revisions reflect UCO Bank‘s ongoing efforts to align its lending rates with market conditions and regulatory guidelines.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).