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Jammu & Kashmir Bank lowers dividend for fiscal 2015-2016

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Jammu & Kashmir Bank lowers dividend for fiscal 2015-2016

Jammu &Kashmir Bank Ltd. lowered its dividend to 1.75 Indian rupees pershare for fiscal 2015-2016 from 2.10 rupees per share in the prior fiscal year.

The dividend is subject to shareholder approval, the bank saidMay 24.

As of May 23, US$1 wasequivalent to 67.49 Indian rupees.