UCO Bank has informed the Exchange about General Updates
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UCO Bank's Asset Liability Management Committee (ALCO) has revised its benchmark lending rates effective from June 9-10, 2025. The Marginal Cost of Funds-based Lending Rate (MCLR) has been reduced by 10 basis points across all tenors, with the overnight rate falling to 8.15% and the one-year rate to 9.00%. Other benchmark rates have also been lowered, including the Term Benchmark Lending Rate (TBLR) to 5.80% across tenors and the Repo Linked Rate (UCO Float) to 8.30% from 8.80%. The Base Rate and BPLR remain unchanged.
Lower lending rates could support loan demand and credit growth, but may also put pressure on the bank's net interest margins in the short term. This is a routine rate revision and generally reflects broader monetary conditions.