UCO Bank Revises Benchmark Rates Effective January 11, 2026
UCO Bank has revised its benchmark rates effective January 11, 2026, following an ALCO committee review. The bank reduced MCLR rates by 5 basis points across all tenors, with overnight MCLR dropping to 7.90% and one-year MCLR to 8.75%. TBLR rates were also reduced by 5-10 basis points, while repo-linked rates, base rate, and BPLR remained unchanged. The 10-year G-Sec rate increased to 6.78%.
*this image is generated using AI for illustrative purposes only.
UCO Bank has announced revisions to its benchmark rates following a comprehensive review by the Asset Liability Management Committee (ALCO). The changes, effective from January 11, 2026, include reductions in key lending rates across multiple categories.
MCLR Rate Reductions
The bank has implemented a uniform 5 basis points reduction across all MCLR tenors. The revised rates demonstrate the bank's commitment to competitive pricing in the lending market.
| MCLR Tenor | Existing Rate | New Rate (w.e.f. 11.01.2026) |
|---|---|---|
| Overnight | 7.95% | 7.90% |
| One month | 8.20% | 8.15% |
| Three month | 8.45% | 8.40% |
| Six month | 8.70% | 8.65% |
| One year | 8.80% | 8.75% |
Treasury Bill Linked Rates and Other Benchmarks
The bank has also revised its Treasury Bill Linked Rates (TBLR), with reductions ranging from 5 to 10 basis points. The 10-year G-Sec rate has seen an increase of 12 basis points.
| Benchmark | Existing Rate | New Rate (w.e.f. 11.01.2026) |
|---|---|---|
| TBLR (3 month) | 5.40% | 5.30% |
| TBLR (6 month) | 5.55% | 5.50% |
| TBLR (12 month) | 5.55% | 5.50% |
| UCO G-Sec Rate (1 year) | 5.59% | 5.59% |
| 10-year G-Sec Rate YTM | 6.66% | 6.78% |
| Repo Linked Rate – UCO Float | 8.05% | 8.05% |
| Repo Linked Rate – UCO Prime | 5.25% | 5.25% |
| Base Rate | 9.60% | 9.60% |
| BPLR | 14.25% | 14.25% |
Unchanged Rate Categories
Several benchmark rates remain stable, reflecting the bank's selective approach to rate adjustments:
- Repo Linked Rates (both UCO Float and UCO Prime)
- Base Rate at 9.60%
- Benchmark Prime Lending Rate (BPLR) at 14.25%
- UCO G-Sec Rate (1 year) at 5.59%
Implementation Timeline
The revised MCLR, TBLR, and 10-year G-Sec rates take effect from January 11, 2026. The rate revision was communicated to both the National Stock Exchange of India Ltd. and BSE Limited as part of the bank's regulatory compliance under Regulation 30.
Historical Stock Returns for UCO Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.75% | +0.60% | -2.40% | -9.15% | -23.60% | +64.62% |
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