UCO Bank Announces Board Changes as Two Directors Complete Tenure

UCO Bank has announced changes in its Board of Directors composition following the completion of tenure for two Part-time Non-Official Directors. The bank informed stock exchanges about these board changes under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Directors Completing Tenure

Two Part-time Non-Official Directors have ceased their positions upon completion of their appointed terms:

Director Details:	Information
Directors:	Shri Ravi Kumar Agrawal and Shri Anjan Talukdar
Position:	Part-time Non-Official Director
Appointment Period:	One year
Cessation Date:	Close of business hours of April 10, 2026
Reason for Change:	Completion of term

Appointment Background

Both directors were appointed to the Board of Directors through Government of India notifications issued on April 11, 2025. The appointments were made under specific government notifications:

Shri Ravi Kumar Agrawal: Appointed vide Government of India notification F.No.6/1(ix)/2024-BO.I dated April 11, 2025
Shri Anjan Talukdar: Appointed vide Government of India notification F.No.6/1(x)/2024-BO.I dated April 11, 2025

The appointments were made under section 9(3)(h) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs the appointment of directors in nationalized banks.

Regulatory Compliance

The bank has fulfilled its disclosure obligations by providing the required details under SEBI Master Circular No. HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026. The notification was signed by Vikash Gupta, Company Secretary of UCO Bank, and communicated to both the National Stock Exchange of India Ltd. and BSE Limited on April 10, 2026.

This board composition change represents a routine transition following the completion of the directors' appointed tenure, maintaining the bank's governance structure in compliance with regulatory requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.18%	+9.83%	+0.31%	-14.63%	-8.50%	+119.67%

UCO Bank has announced selective revisions to its benchmark rates effective April 10, 2026, following a comprehensive review by the bank's Asset Liability Management Committee (ALCO). The changes primarily affect Treasury Bill Linked Rates and Government Securities rates, while maintaining stability in other key lending benchmarks.

MCLR Rates Remain Stable

The bank has decided to keep its Marginal Cost of Funds based Lending Rate (MCLR) unchanged across all tenors. The current MCLR structure continues with rates ranging from 7.90% for overnight tenor to 8.75% for one-year tenor.

MCLR Tenor:	Rate (w.e.f. 10.04.2026)
Overnight:	7.90%
One month:	8.15%
Three month:	8.40%
Six month:	8.65%
One year:	8.75%

Key Rate Revisions Implemented

The bank has implemented targeted increases in specific benchmark rates, reflecting current market conditions and yield movements. The most significant changes include upward revisions in Treasury Bill Linked Rates and Government Securities rates.

Benchmark Rate:	Previous Rate	New Rate (w.e.f. 10.04.2026)	Change
TBLR (3 month):	5.30%	5.35%	+0.05%
UCO G-Sec Rate (1 year):	5.58%	5.72%	+0.14%
10-year G-Sec Rate YTM:	6.83%	7.24%	+0.41%

Unchanged Benchmark Rates

Several key benchmark rates remain at their existing levels, providing continuity for borrowers linked to these rates. The TBLR rates for 6-month and 12-month tenors continue at 5.50% and 5.60% respectively.

Rate Category:	Current Rate
TBLR (6 month):	5.50%
TBLR (12 month):	5.60%
Repo Linked Rate – UCO Float:	8.05%
Repo Linked Rate – UCO Prime:	5.25%
Base Rate:	9.60%
BPLR:	14.25%

Implementation Details

The revised rates for TBLR 3-month and G-Sec linked products became effective from April 10, 2026. The bank's communication to stock exchanges confirms that all other benchmark rates including MCLR, TBLR for 6-month and 12-month tenors, Repo Linked Rates, Base Rate, and Bank Prime Lending Rate remain unchanged. This selective approach to rate revision demonstrates the bank's measured response to evolving market dynamics while maintaining competitive positioning across different product segments.