UCO Bank Tweaks Select Benchmark Rates, Keeps MCLR Unchanged

The latest update is out from UCO Bank ( (IN:UCOBANK) ).

UCO Bank’s Asset Liability Management Committee has conducted a review of the bank’s benchmark lending rates and decided to keep its Marginal Cost of Funds-based Lending Rate (MCLR) across all tenors unchanged, maintaining existing pricing for a broad base of retail and corporate borrowers. This indicates rate stability for customers whose loans are linked to MCLR, base rate, BPLR, and repo-linked benchmarks, suggesting a cautious stance amid prevailing interest rate conditions.

The bank has marginally increased its three-month Treasury Bill Linked Rate (TBLR) from 5.30% to 5.35% and raised its one-year G-Sec linked rate from 5.58% to 5.72%, while leaving the six- and twelve-month TBLR and other benchmark rates unchanged. These selective adjustments, effective from 10 April 2026, could lead to slightly higher borrowing costs for customers tied to these specific benchmarks, while overall signaling a measured recalibration rather than a broad-based rate hike.

More about UCO Bank

UCO Bank is a state-owned commercial bank headquartered in Kolkata, operating across India with a focus on retail, corporate, and SME banking services. It offers a range of lending and deposit products, with interest rates benchmarked to instruments such as MCLR, Treasury Bills, government securities, and repo-linked benchmarks to manage asset-liability gaps and pricing competitiveness.

Average Trading Volume: 708,634

Technical Sentiment Signal: Sell

Current Market Cap: 322.1B INR

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