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J&K Bank on Wednesday said that it has reduced its base rate by 35 basis points, making its loans cheaper for new as well as existing customers in Jammu & Kashmir and across the country.
The base rate of the bank stands reduced to 9.50 per cent from 9.85 per cent with immediate effect.
Maushtaq Ahmed, Chairman & CEO, J&K Bank announced this decision after the bank's Asset Liability Committee meeting at its Corporate Headquarters in Srinagar.
srivats.kr@thehindu.co.in
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