The Reserve Bank of India's norms mandate banks to detail their lending rates every month, based on the marginal cost of funds. On Thursday, shares of the lender ended up 0.4% at 11.90 rupees on the National Stock Exchange.
J&K Bank cuts MCLR by 35 bps across tenures
Jammu & Kashmir Bank has cut its marginal cost of funds-based lending rates by 35 basis points across tenures, according to information on the lender's website. The revised rates will be in the range of 7.15-8.50%.
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