UCO Bank 's Asset Liability Management Committee (ALCO) has reviewed the bank's benchmark rates and decided to revise select rates, effective May 10, 2026. The update was communicated to stock exchanges on May 7, 2026, by Company Secretary Vikash Gupta, in compliance with Regulation 30.

MCLR Rates Remain Unchanged

The bank's Marginal Cost of Funds-based Lending Rates (MCLR) across all tenors have been kept unchanged. The following rates continue to apply effective May 10, 2026:

Revised Other Benchmark Rates

Among the other benchmark rates, the TBLR (3-month), UCO G-Sec Rate (1-year), and the 10-year G-Sec Rate YTM have been revised. The remaining benchmarks — TBLR (6-month and 12-month), Repo Linked Rates, Base Rate, and BPLR — remain unchanged. The table below provides a detailed comparison of existing and revised rates:

Key Changes at a Glance

The following benchmark rates have been revised effective May 10, 2026:

• TBLR (3-month): Reduced from 5.35% to 5.30%
• UCO G-Sec Rate (1-year): Increased from 5.72% to 5.74%
• 10-year G-Sec Rate YTM % p.a. (Annualized Par Yield): Reduced from 7.24% to 7.21%

All other benchmark rates, including MCLR across all tenors, TBLR (6-month and 12-month), Repo Linked Rate – UCO Float, Repo Linked Rate – UCO Prime, Base Rate, and BPLR, remain unchanged as of the effective date.

UCO Bank has received substantial relief in a Goods and Services Tax (GST) dispute, with the Appellate Authority allowing its appeal and drastically reducing the tax demand. The development was disclosed by the bank under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, vide a regulatory filing dated May 5, 2026.

Appellate Authority Grants Major Relief

The Office of the Commissioner of GST & CX (Appeals-I), Mumbai disposed of the bank's appeal vide order dated April 24, 2026, which was received by UCO Bank on May 4, 2026. The appeal was filed in reference to an earlier disclosure dated February 7, 2025, concerning a GST demand order passed by the Additional Commissioner, CGST, Mumbai South Commissionerate.

The Appellate Authority substantially allowed the appeal, resulting in a significant reduction of the GST demand. The key details of the order are summarised below:

Regulatory Disclosure and Next Steps

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. UCO Bank has stated that it is in the process of evaluating the said order and taking appropriate steps as may be required. The filing was signed by Vikash Gupta, Company Secretary of UCO Bank, on May 5, 2026.