UCO Bank cuts MCLR by 5 bps for overnight, 1-month, 1-year tenures
This story was originally published at 08:43 IST on 13 October 2025
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--UCO Bank cuts overnight, 1-mo, 1-year MCLR by 5 bps each effective Oct. 10
NEW DELHI – UCO Bank has reduced the marginal cost of funds-based lending rates by 5 basis points across select tenures effective Friday, the state-owned bank informed exchanges Sunday. The bank lowered the MCLR for overnight, one-month, and one-year tenures by 5 bps each.
The revised MCLR for the bank now ranges from 8.00-8.85%. The MCLR for three-months and six-months tenures remained unchanged. The Reserve Bank of India's norms require banks to review their MCLR every month.
The Kolkata-based lender raised the three-month Treasury bill-linked rate 5 bps to 5.50%, the six-month T-bill linked rate 10 bps to 5.60%, and the 12-month rate by 5 bps to 5.60%.
The lender's bottom line for Apr-Jun rose 10.3% on year to INR 6.07 billion. However, the net profit fell 7% on quarter. On Friday, shares of the bank closed 3.4% higher at INR 31.80 on the National Stock Exchange.
UCO Bank's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 8.00 | 8.05 |
| One month | 8.25 | 8.30 |
| Three months | 8.45 | 8.45 |
| Six months | 8.70 | 8.70 |
| One year | 8.85 | 8.90 |
End
Reported by Shubham Rana
Edited by Avishek Dutta
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