UCO Bank keeps MCLR unchanged across tenures
This story was originally published at 17:28 IST on 10 June 2026
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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 month | 8.65% |
| 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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