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Wednesday, October 7, 2015

J&K Bank slashes base rate by 35 bps to 9.5%

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.

Source : Thehindubusinessline


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