UCO Bank hikes MCLR, TBLR rates by 5-10 bps
Mumbai, March 8 -- The overnight MCLR increased by 10 basis points from 8.00% to 8.10%. MCLR for one month also rose by 5 basis points from 8.25% to 8.30%. The interest rates on the three month MCLR was raised from 8.40% to 8.45% and the six month MCLR rate increased from 8.65% to 8.70%, a 5 basis point hike.
The one year MCLR rate rose by 5 basis points from 8.80% to 8.85%. Further, the TBLR for three month has been increased by 5 basis points from 6.95% to 7%. The bank stated that the other benchmark rates viz. repo linked rate, base rate, TBLR (6/12 month) and BPLR to remain unchanged.
The revised rates will be effective from 10 March 2024.
UCO Bank is engaged in providing wide range of banking and financial services including retai...
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