UCO Bank — Important, 07-02-2025: Updates

UCO Bank's Asset Liability Management Committee has adjusted its Benchmark rates, effective from 10.02.2025. The revised Marginal Cost of Fund-Based Lending Rates (MCLR) include an Overnight rate of 8.25%, One month at 8.45%, Three month at 8.60%, Six month at 8.90%, and One year at 9.10%. Additionally, the Treasury Bill Linked Lending Rates (TBLR) are set at 6.55% for 3 months, 6.65% for both 6 and 12 months. The Repo Linked Rate now stands at 9.05%, while other Benchmark rates such as the Base Rate and BPLR remain unchanged at 9.60% and 14.25%, respectively. This adjustment could impact lending rates, potentially influencing borrowing costs for consumers and businesses. Investors should monitor these changes closely as they can signal shifts in the bank's profitability and risk management strategies.