I have taken open loop transfer functions of the 1st loop in this morning to see where the UGF currently is.
Based on the measurements, I set the gain slider in the medm to 9 dB which gives us a UGF of 50-60 kHz.
Also, the raw data is attached as a zipped file.
Apart from these measurements, I confirmed two features as follows.
During the measurements, I kept the suspiciously high offset value of 20 for the 1st loop. The second loop was off.