UCO Bank — Important, 06-06-2025: General Updates

UCO Bank has announced a board meeting to review the financial results for the quarter and half-year. The bank’s Asset Liability Management Committee cut MCLR rates by 10 bps across tenors, with the one-year MCLR now at 9.00%. Other benchmark rates, including TBLR and 10-year G-Sec yield, have fallen, while repo-linked lending rates dropped 50 bps, boosting loan affordability. Base Rate and BPLR are unchanged. These changes may support credit growth and strengthen the bank’s competitive edge.