India, Sept. 10 -- UCO Bank on Wednesday announced a five-basis-point reduction in its marginal cost of funds-based lending rates (MCLR) across all tenures, while increasing the yield on its 10-year government securities to 6.78 per cent.
Effective September 10, the bank's one-year MCLR has been cut to 8.90 per cent from 8.95 per cent. MCLR is the benchmark for most retail and corporate loans offered by the bank.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....