UCO Bank has informed the Exchange regarding 'Update on Benchmark Rates of the Bank'.
UCOBANK · price
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Awaiting price reaction for this filing.
UCO Bank's Asset Liability Management Committee (ALCO) has revised the bank's TBLR (Term Benchmark Lending Rate) and G-Sec linked rates, effective from 10 May 2025. The revised TBLR rates are 6.00% for 3-month tenor and 6.05% for both 6-month and 12-month tenors. The UCO G-Sec Rate (1 year) has been set at 6.05%. All other benchmark rates, including the entire MCLR curve (ranging from 8.25% overnight to 9.10% one-year), the Repo Linked Rates (UCO Float at 8.80% and UCO Prime at 6.00%), Base Rate (9.60%) and BPLR (14.25%), remain unchanged.
This is a routine benchmark rate update. The cut in TBLR and G-Sec linked rates could lower borrowing costs for retail and corporate loans tied to these benchmarks, which may marginally compress the bank's lending margins. Existing shareholders should see no major stock price reaction as the move is administrative in nature and largely mirrors broader interest rate trends.