Asia
UCO Bank Raises TBLR, G-Sec Linked Lending Rates
UCO Bank (NSE:UCOBANK, BOM:532505) said its asset liability management committee has approved an increase in Treasury Bill Linked Rates (TBLR) and G-Sec-linked benchmark rates, effective June 10, according to a same-day filing on Indian bourses.The bank raised its three-month TBLR to 5.40% from 5.30%, six-month TBLR to 5.60% from 5.50%, and 12-month TBLR to 5.75% from 5.60%. The one-year G-Sec-linked rate was increased to 6.00% from 5.74%.UCO Bank said its marginal cost of funds-based lending rate (MCLR), repo-linked lending rate, base rate and benchmark prime lending rate remain unchanged.
BOM:532505NSE:UCOBANK
