Jammu & Kashmir Bank has trimmed interest rates on loans for women borrowers following state government's decision to abolish stamp duty on properties registered in the name of female folk. In housing loan segment, the bank has reduced the rate of interest by 10 to 40 basis points in non priority segment for women borrowers.
The bank will also establish two 'Ladies Special Branches' - one each in Srinagar and Jammu.
The Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.