UCO Bank Revises TBLR and G-Sec Rates — Effective June 10, 2026

Mumbai: UCO Bank (BSE: 532505 | NSE: UCOBANK) has revised select benchmark lending rates following a review by its Asset Liability Management Committee (ALCO), effective June 10, 2026.

The revision affects Treasury Bill Linked Rates (TBLR) and G-Sec linked rates — while MCLR, Repo Linked Rates, Base Rate, and BPLR remain unchanged.

What Changed — Revised Rates

The 1-year UCO G-Sec Rate saw the sharpest upward revision — jumping 26 basis points from 5.74% to 6.00%. Among TBLR tenors, the 12-month rate rose by 15 bps while 3-month and 6-month rates each rose by 10 bps. Notably, the 10-year G-Sec Rate moved in the opposite direction — falling 10 bps from 7.21% to 7.11%, reflecting current long-end bond market yields.

What Stayed Unchanged — MCLR and Other Rates

All MCLR tenors — from overnight to one year — remain untouched. This means home loan, auto loan, and personal loan borrowers linked to MCLR will see no change in their EMIs from this revision.

What This Means for Borrowers

Loans linked to TBLR or G-Sec benchmarks — typically short-tenure working capital facilities and certain retail products — will see a marginal upward reset following this revision. Borrowers on MCLR-linked loans are unaffected.

The divergence between the rising short-end TBLR rates and the falling 10-year G-Sec yield reflects the current interest rate environment — where short-term money market rates are firming up even as long-term bond yields ease slightly, signalling market expectations of monetary policy stability ahead.

UCO Bank's ALCO reviews benchmark rates periodically in line with RBI policy signals, market liquidity conditions, and the bank's own cost of funds.