NewsUCO Bank Revises Key Benchmark Rates Including TBLR and G-Sec Rates Effective April 10, 2026UCO Bank Revises Key Benchmark Rates Including TBLR and G-Sec Rates Effective April 10, 2026
UCO Bank revised select benchmark rates effective April 10, 2026, with TBLR 3-month rate increasing to 5.35% from 5.30%, UCO G-Sec 1-year rate rising to 5.72% from 5.58%, and 10-year G-Sec rate climbing to 7.24% from 6.83%. The bank's ALCO committee maintained MCLR rates unchanged across all tenors, with rates ranging from 7.90% for overnight to 8.75% for one-year tenor. Other benchmark rates including TBLR 6-month and 12-month, Repo Linked Rates, Base Rate, and BPLR also remain at existing levels.
*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for UCO Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.18% | +9.83% | +0.31% | -14.63% | -8.50% | +119.67% |
How might UCO Bank's selective rate increases impact its loan portfolio growth and competitive position against other public sector banks?
What factors could drive further revisions to UCO Bank's G-Sec linked rates given the significant 41 basis point increase in 10-year yields?
Will UCO Bank's decision to maintain MCLR rates unchanged while raising Treasury-linked rates signal a broader shift in the bank's funding strategy?
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