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MoneyWireUCO Bank keeps MCLR unchanged across tenures

UCO Bank keeps MCLR unchanged across tenures

This story was originally published at 17:28 IST on 10 June 2026
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Informist, Wednesday, Jun. 10, 2026 

 

MUMBAI – UCO Bank has kept its marginal cost of funds-based lending rates unchanged across tenures, the lender said in an exchange filing Wednesday. The bank's MCLR ranges from 7.90% to 8.75% for overnight to one-year tenures. 

 

The Reserve Bank of India's norms require banks to review MCLR every month. The RBI's Monetary Policy Committee Friday left the repo rate unchanged at 5.25%. 

 

UCO bank has increased its Treasury bill-linked lending rate for the three-month tenure to 5.40% from 5.30%, and its Treasury bill-linked lending rate for the six-month tenure to 5.60% from 5.50%. It has also raised the rate for 12-month tenure to 5.75% from 5.60%. It raised the UCO government bond-linked rate for one-year tenure to 6.00% from 5.74%, and cut the benchmark 10-year gilt-linked rate to 7.11% from 7.21%, all effective from Wednesday.  

 

For the March quarter, the bank had reported a net profit of INR 8.01 billion and total income of INR 73.65 billion. On Wednesday, shares of the bank ended at INR 25.75, down over 1%, on the National Stock Exchange. 

 

UCO Bank's marginal cost of funds-based lending rates for various tenures are as follows: 

 

MCLR Tenor MCLR (%) 
Overnight 7.90%
One month 8.15%
Three month 8.40%
Six month8.65%
One year 8.75%

 

End 

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Shumaila Firoz 

Edited by Avishek Dutta

 

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