UCO Bank (UCO), a public sector lender, announced that the bank has reduced its base rate by 25 basis point to 9.70% with effect from Oct. 05, 2015.

The bank announced reduction in base rate after the RBI reduced key interest rates by 50 basis points on September 29.

Now revised repo and reverse repo rate stood at 6.75% and 5.75% respectively compared with 7.25% and 6.25% earlier.  

Shares of the bank declined Rs 0.55, or 1.17%, to trade at Rs 46.30. The total volume of shares traded was 272,443 at the BSE (12.57 p.m., Wednesday).