UCO Bank has informed stock exchanges about the resignation of Ms. Rachna Khare from her position as Shareholder Director, effective December 25, 2025. The bank communicated this development to the National Stock Exchange and BSE Limited on December 26, 2025, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Ms. Rachna Khare tendered her resignation through a letter dated December 25, 2025, stepping down from the Board of the Bank and relinquishing membership of all Board Committees. The resignation was necessitated by her appointment to a new role as Insurance Ombudsman.

New Appointment Details

According to her resignation letter addressed to MD & CEO Ashwini Kumar, Ms. Khare has been appointed as Insurance Ombudsman at the office of the Insurance Ombudsman Pune. This appointment was formalized through a letter issued by the Council of Insurance Ombudsmen dated December 19, 2025.

In her resignation letter, Ms. Khare cited regulatory provisions and standards of propriety and independence as the basis for stepping down from her position at UCO Bank. She emphasized that the resignation was necessary due to the nature of her new regulatory role.

Regulatory Compliance

The bank has fulfilled all disclosure requirements under sub-para 7B of Para A of Part A of Schedule III of the SEBI LODR Regulations. Key compliance aspects include:

• Ms. Khare is not holding directorships in any other listed companies
• She confirmed that there are no material reasons for her resignation other than those mentioned in her resignation letter
• Complete documentation including the resignation letter has been submitted to stock exchanges

Acknowledgment and Transition

In her farewell message, Ms. Khare expressed sincere appreciation for the support and cooperation extended by the Chairperson, MD & CEO, fellow board members, and management during her tenure. She described her association with UCO Bank's strategic governance as a privilege and wished the bank continued success in achieving its objectives.

The resignation represents a smooth transition as Ms. Khare moves to her new regulatory role, ensuring compliance with independence standards required for her position as Insurance Ombudsman.

UCO Bank has announced a comprehensive revision of its benchmark rates following a detailed review by the bank's Asset Liability Management Committee (ALCO). The updated rates, which came into effect on December 11, 2025, reflect the bank's strategic approach to interest rate management in the current economic environment.

MCLR Rates Remain Stable

The bank's Marginal Cost of Funds Based Lending Rate (MCLR) structure shows minimal changes across different tenors. The overnight MCLR remains unchanged at 7.95%, while the one-month tenor continues at 8.20%. Similarly, the three-month and six-month MCLR rates are maintained at 8.70% and 8.85% respectively.

Treasury Bill Linked Rates See Selective Adjustments

The Treasury Bill Linked Rate (TBLR) structure has witnessed targeted modifications. The 3-month TBLR has been reduced by 5 basis points from 5.45% to 5.40%, providing some relief to borrowers. However, both 6-month and 12-month TBLR rates remain steady at 5.55%.

Government Securities and Repo-Linked Rates Adjusted

The bank has made notable adjustments to its government securities and repo-linked rates. The UCO G-Sec Rate for 1-year tenure has been reduced from 5.66% to 5.59%, reflecting a 7 basis point decrease. The 10-year G-Sec Rate (YTM% p.a. Annualized) has been set at 6.66%.

Significant changes have been implemented in repo-linked rates, with the Repo Linked Rate - UCO Float decreasing substantially from 8.30% to 8.05%, representing a 25 basis point reduction. The Repo Linked Rate - UCO Prime has also been lowered from 5.50% to 5.25%, marking another 25 basis point decrease.

Unchanged Benchmark Components

The bank has maintained stability in certain key benchmark rates. Both the Base Rate and Benchmark Prime Lending Rate (BPLR) remain unchanged, providing continuity for existing loan products linked to these rates. This selective approach demonstrates the bank's measured response to market conditions while maintaining competitive positioning.

The revised benchmark rates structure reflects UCO Bank's ongoing commitment to balancing competitive lending rates with prudent risk management practices. These adjustments will impact various loan products and deposit schemes offered by the bank to its customers across different segments.