UCO Bank has informed the Exchange regarding 'Interest Rate Updates'.
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UCO Bank's Asset Liability Management Committee (ALCO) has revised its benchmark lending rates effective August 10, 2025. The Marginal Cost of Funds-based Lending Rate (MCLR) has been set at 8.15% for overnight, 8.35% for one month, 8.50% for three month, 8.75% for six month, and 8.95% for one-year tenors. Term Benchmark Lending Rates (TBLR) have been marginally tweaked across tenors, and the 1-year G-Sec rate has moved up to 6.51% (annualized par yield) from 6.44%. Repo Linked Rates (UCO Float, UCO Prime), Base Rate, and BPLR remain unchanged.
Revised MCLR rates will determine the lending cost for new loans priced off MCLR and reset existing floating-rate loans on their next reset date. Marginal changes in TBLR and G-Sec linked rates have limited immediate impact on existing borrowers. Repo-linked rates staying unchanged means no change for borrowers on those products, keeping EMI outflows stable for that segment.