UCO Bank raises repo-linked lending rate by 25 bps
In short
UCO Bank raised its repo-linked lending rate for the UCO Float variant by 25 basis points to 8.30% from 8.05%. The report says this mirrors the RBI's move.
This matters because some borrowers may now pay more interest. The snippet does not give the new T-bill-linked rate.
What the reporting says
UCO Bank raised its repo-linked lending rate for the UCO Float variant by 25 basis points to 8.30% from 8.05%, according to a publisher-supplied summary that says the move mirrors the RBI's action. The report also refers to T-bill-linked lending rates, but no new level is stated in the available snippet. Borrowing costs for affected customers rise immediately, while the full scope of rate changes is not stated.
Why it matters
UCO Bank raised its repo-linked lending rate for the UCO Float variant by 25 basis points to 8.30% from 8.05%, mirroring the RBI's move. The available summary mentions T-bill-linked lending rates too, but does not provide a new figure. The direct impact is higher borrowing costs for customers tied to that benchmark.