UCO Bank has informed the Exchange regarding 'Update on Benchmark Rates of the Bank w.e.f. 10.05.2026'.
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UCO Bank's Asset Liability Management Committee (ALCO) has reviewed and updated the bank's benchmark lending rates effective 10 May 2026. The key MCLR rates across all tenors (overnight to 1-year ranging from 7.90% to 8.75%) remain unchanged. The 3-month TBLR decreased by 5 basis points from 5.35% to 5.30%, while 6-month and 12-month TBLR stayed flat. G-Sec rates saw minor adjustments: 1-year increased slightly from 5.72% to 5.74%, while the 10-year yield decreased from 7.24% to 7.21%. Base Rate and BPLR remain at 9.60% and 14.25% respectively.
No material impact on shareholders as core lending rates (MCLR, Base Rate, BPLR) are unchanged. The 5 bps cut in 3-month TBLR may have a marginal negative impact on loans linked to this benchmark but overall interest rate environment remains stable for the bank.