UCO Bank has informed the Exchange regarding 'Interest Rate Updates'.
UCOBANK · price
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Awaiting price reaction for this filing.
UCO Bank's Asset Liability Management Committee (ALCO) has reviewed and revised certain benchmark interest rates effective March 10, 2026. MCLR rates across all tenors (overnight to one year) remain unchanged, ranging from 7.90% to 8.75%. Short-term TBLR rates were cut by 5 basis points each (3-month from 5.35% to 5.30%, 6-month from 5.55% to 5.50%), while the 12-month TBLR held at 5.60%. The 1-year UCO G-Sec Rate saw a larger 21 bps reduction (5.79% to 5.58%) and the 10-year G-Sec par yield fell 6 bps to 6.83%. Repo-linked rates, Base Rate (9.60%) and BPLR (14.25%) remain unchanged.
Minor downward revisions in short-term benchmark rates and the 1-year G-Sec linked rate are routine in nature and unlikely to materially move the stock. Marginal reduction in deposit-linked rates could slightly help the bank's net interest margin, but the unchanged MCLR means lending rates for most borrowers stay the same.