UCO Bank Rates Revised: TBLR Cut, G-Sec Benchmarks Raised; MCLR Unchanged
UCO Bank cut its 3-month and 12-month TBLR, raised G-Sec benchmarks and retained MCLR rates, with the revisions effective August 7, 2026.
UCO Bank rates were revised after the lender’s Asset Liability Management Committee reviewed its benchmark rates, the bank said in a BSE filing on August 7, 2026. The revised three-month and 12-month Treasury Bill Linked Rates, or TBLR, and G-Sec-linked rates took effect on the same date.
The three-month TBLR was reduced from 5.30% to 5.25%, while the 12-month TBLR was lowered from 5.80% to 5.65%. The six-month TBLR remained unchanged at 5.50%.
G-Sec-linked rates move higher
UCO Bank increased its one-year G-Sec rate from 5.57% to 5.80%. The annualised par yield on the 10-year G-Sec rate was revised from 6.85% to 6.96%. The filing gives borrowers and market participants an updated view of the public sector lender’s benchmark-rate framework following the committee review.
MCLR remains unchanged across tenors
UCO Bank made no change to its Marginal Cost of Funds Based Lending Rates across the five disclosed tenors. The overnight MCLR continues at 7.90%, while the one-month rate remains at 8.20%.
| MCLR tenor | Rate |
|---|---|
| Overnight | 7.90% |
| One month | 8.20% |
| Three months | 8.45% |
| Six months | 8.70% |
| One year | 8.80% |
The three-month, six-month and one-year MCLR rates stay at 8.45%, 8.70% and 8.80%, respectively. MCLR is among the benchmark rates banks use for pricing eligible loans, subject to the applicable lending terms. The filing specifically stated that MCLR rates were unchanged, distinguishing them from the revised TBLR and G-Sec-linked benchmarks that became effective on August 7.
Other benchmark rates also remained unchanged following the review. UCO Float, the bank’s repo-linked rate, continues at 8.05%, while UCO Prime stays at 5.25%. The base rate remains at 9.60% and the Benchmark Prime Lending Rate, or BPLR, continues at 14.25%.
- Six-month TBLR: 5.50%
- Repo Linked Rate – UCO Float: 8.05%
- Repo Linked Rate – UCO Prime: 5.25%
- Base rate: 9.60%
- BPLR: 14.25%
The Kolkata-headquartered bank informed both the BSE and the National Stock Exchange about the benchmark-rate review. UCO Bank trades under BSE scrip code 532505 and NSE symbol UCOBANK.