UCO Bank Revises Benchmark Interest Rates Effective July 10, 2026
UCO Bank's Asset Liability Management Committee (ALCO) has decided to revise several benchmark interest rates, effective July 10, 2026. The Marginal Cost of Funds Based Lending Rate (MCLR) for tenors ranging from one month to one year will see an increase. Specifically, the one-month MCLR will rise to 8.20% from 8.15%, and the one-year MCLR will be revised to 8.80% from 8.75%. Other benchmark rates like TBLR (3-month, 6-month, 12-month) and UCO G-Sec Rate (1-year) will also see adjustments, with some decreasing and others increasing. Notably, the TBLR (12 month) will increase to 5.80% from 5.75%, while the UCO G-Sec Rate (1 year) will decrease to 5.57% from 6.00%. Rates such as Repo Linked Rate, Base Rate, and BPLR remain unchanged. These changes are expected to impact the bank's lending and deposit rates.
Key Highlights
- UCO Bank to adjust MCLR rates upwards for tenors from one month to one year.
- Several other benchmark rates including TBLR and G-Sec linked rates are revised.
- Repo Linked Rate, Base Rate, and BPLR remain unchanged.
- Revised rates are effective from July 10, 2026.
- ALCO committee reviewed and decided on the rate revisions.
Price Impact
More from UCOBANK