UCO Bank has informed the Exchange regarding 'Update on Benchmark Rates of the Bank'.
UCOBANK · price
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UCO Bank has revised certain benchmark lending rates following a review by its Asset Liability Management Committee (ALCO). MCLR rates across all tenors (overnight to one year) remain unchanged, ranging from 7.90% to 8.75%. The 3-month TBLR has been marginally raised from 5.30% to 5.35%. The 1-year UCO G-Sec linked rate has increased from 5.58% to 5.72%, and the 10-year G-Sec yield has risen from 6.83% to 7.24%. Other rates such as Repo Linked Rates, Base Rate, and BPLR remain unchanged. The revised TBLR (3-month) and G-Sec linked rates are effective from April 10, 2026.
Since the key MCLR benchmark — which drives most floating-rate loans — remains unchanged, there is no direct impact on existing borrowers' EMIs or on the bank's lending margins. The slight rise in G-Sec linked rates reflects a broader upward movement in government bond yields, which is a routine market-driven adjustment.