UCO Bank revises benchmark rates effective 10 March 2026 | Business Upturn

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UCO Bank has announced revisions to its benchmark rates, effective from 10 March 2026. The bank’s Asset Liability Management Committee (ALCO) has reviewed and adjusted several rates, including the Marginal Cost of Funds based Lending Rate (MCLR) and Treasury Bill Linked Rates (TBLR).

The MCLR for various tenors has been set as follows: Overnight at 7.90%, One month at 8.15%, Three months at 8.40%, Six months at 8.65%, and One year at 8.75%. The TBLR for three months has been reduced from 5.35% to 5.30%, and for six months from 5.55% to 5.50%. The UCO G-Sec Rate for one year has been adjusted from 5.79% to 5.58%, while the 10-year G-Sec Rate yield to maturity has decreased from 6.89% to 6.83%.

Other benchmark rates, including the Repo Linked Rate, Base Rate, and BPLR, remain unchanged. The revised rates are intended to align with current market conditions and enhance the bank’s financial offerings.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Benchmark Rates G-Sec Rates MCLR TBLR UCO Bank