UCO Bank Revises Key Benchmark Rates Following ALCO Review; MCLR and TBLR Rates Updated
UCO Bank has revised several key benchmark rates following a review by its Asset Liability Management Committee (ALCO). The revisions, which include adjustments to Marginal Cost of Lending Rate (MCLR), Target Bank Loan Rate (TBLR) linked rates, and Government Securities (G-Sec) linked rates, are effective from July 10, 2026.The ALCO reviewed the existing benchmark rates and decided upon revisions across various tenors. The updated MCLR rates are detailed as follows:
| MCLR Tenor | Existing Rate | MCLR w.e.f. 10.07.2026 |
|---|---|---|
| Overnight | 7.90% | 7.90% |
| One month | 8.15% | 8.20% |
| Three month | 8.40% | 8.45% |
| Six month | 8.65% | 8.70% |
| One year | 8.75% | 8.80% |
Update on Other Benchmark Rates
In addition to MCLR revisions, UCO Bank updated rates across several other benchmarks. These changes are also effective from July 10, 2026.The revised benchmark rates include:
| Benchmark | Existing Rate | New Rates (w.e.f. 10.07.2026) |
|---|---|---|
| TBLR (3 month) | 5.40% | 5.30% |
| TBLR (6 month) | 5.60% | 5.50% |
| TBLR (12 month) | 5.75% | 5.80% |
| UCO G-Sec Rate (1 year) | 6.00% | 5.57% |
| 10-year G-Sec Rate YTM % p.a. (Annualized) Par yield | 7.11% | 6.85% |
| Repo Linked Rate - UCO Float | 8.05% | 8.05% |
| Repo Linked Rate - UCO Prime | 5.25% | 5.25% |
| Base Rate | 9.60% | 9.60% |
| BPLR | 14.25% | 14.25% |
The bank noted that the Repo Linked Rate, Base rate, and BPLR rate remained unchanged alongside these revisions.
UCOBANK Stock Price Movement
UCO Bank shares slipped today, settling at ₹26.05 after closing down 0.23%.The bank's equity saw significant activity in the post-market session, trading on a volume of 3.41 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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