UCO Bank & Bank of Baroda Update MCLR & TBLR Rates

Mumbai/Kolkata, 10 March 2026: India’s leading public sector banks, UCO Bank and Bank of Baroda, have announced the latest revisions in their benchmark lending rates, following internal reviews by their Asset Liability Management Committees (ALCO). These changes will impact borrowers across retail and corporate segments.

UCO Bank Benchmark Rate Update

Effective Date: 10 March 2026
MCLR Rates (No Change):
- Overnight: 7.90%
- 1 Month: 8.15%
- 3 Month: 8.40%
- 6 Month: 8.65%
- 1 Year: 8.75%
Revised TBLR Rates:
- 3 Month TBLR: 5.30% (down from 5.35%)
- 6 Month TBLR: 5.50% (down from 5.55%)
- 12 Month TBLR: 5.60% (unchanged)
G-Sec Linked Rate:
- 1-Year UCO G-Sec Rate: 5.58% (down from 5.79%)
- 10-Year YTM: 6.83% (down from 6.89%)
Other Rates Unchanged:
- Repo Linked Rates, Base Rate, BPLR

Source: UCO Bank, Head Office, Kolkata

Bank of Baroda MCLR Update

Effective Date: 12 March 2026
MCLR Rates (unchanged):
- Overnight: 7.80%
- 1 Month: 7.90%
- 3 Month: 8.15%
- 6 Month: 8.45%
- 1 Year: 8.70%

Impact: Borrowers with loans linked to 3 & 6 month TBLR or G-Sec linked rates may see slight adjustments in interest payments, while MCLR-linked loans remain stable.

What This Means for Borrowers

Retail Loans: Home loans, personal loans, and vehicle loans linked to TBLR or G-Sec rates may see minor reduction in interest.
Corporate Borrowers: Businesses with short-term funding linked to revised TBLR rates can benefit from slightly lower borrowing costs.
Stable MCLR: Borrowers on MCLR-linked loans will experience no change in EMI for now.
Financial Planning: Experts suggest monitoring these benchmark updates to optimize refinancing or new borrowing decisions.

Bottom Line

With UCO Bank slightly lowering TBLR and G-Sec linked rates and Bank of Baroda keeping MCLR stable, borrowers have a small window of opportunity to evaluate short-term loans and savings. These adjustments reflect the banks’ cautious approach amid moderate inflation and stable RBI repo rates.