UCO Bank Revises Benchmark Rates, MCLR Unchanged, TBLR & G-Sec Linked Rates Adjusted
UCO Bank revised its benchmark lending rates effective March 10, 2026. MCLR rates remain unchanged. TBLR for 3 and 6-month tenors decreased to 5.30% and 5.50% respectively. UCO G-Sec Rate for 1-year tenor reduced to 5.58%. Other rates like Repo Linked, Base Rate, and BPLR are unchanged.
The changes primarily involve minor adjustments to benchmark rates. While some rates have decreased, the core MCLR remains stable, and the overall impact on the bank's profitability or lending business is expected to be minimal.
The announcement details revisions to benchmark lending rates, including both decreases and unchanged rates. This mixed adjustment does not significantly favor or disfavor the bank's financial outlook, making the sentiment neutral.
UCO Bank has announced revisions to its benchmark lending rates, with changes effective from March 10, 2026. The Asset Liability Management Committee (ALCO) reviewed and decided upon these adjustments.
The Marginal Cost of Funds Based Lending Rate (MCLR) for all tenors (Overnight, 1-month, 3-month, 6-month, and 1-year) remains unchanged. The rates are 7.90%, 8.15%, 8.40%, 8.65%, and 8.75% respectively.
However, other benchmark rates have been adjusted. The Treasury Bill Linked Rate (TBLR) for 3-month tenor has decreased from 5.35% to 5.30%, and for the 6-month tenor from 5.55% to 5.50%. The TBLR for the 12-month tenor remains unchanged at 5.60%.
Similarly, the UCO G-Sec Rate for 1-year tenor has been revised downwards from 5.79% to 5.58%. The 10-year G-Sec Rate (YTM % p.a.) has also seen a reduction from 6.89% to 6.83%.
The Repo Linked Rate – UCO Float and Repo Linked Rate – UCO Prime remain steady at 8.05% and 5.25% respectively. The Base Rate and BPLR also remain unchanged at 9.60% and 14.25% respectively.
The revised TBLR Linked Rates (3 & 6 month) and G-Sec Linked rates are effective from March 10, 2026. Other benchmark rates, including MCLR, TBLR (12 month), Repo Linked Rate, Base rate, and BPLR rate, are unchanged.
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UCO Bank filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by UCO Bank. Read the original for the full detail.