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        <h1>Bank Cuts Lending Rates by 25 Basis Points in Response to Central Bank's Policy Update</h1> A major bank reduced lending rates by 25 basis points following the central bank's policy rate cut. The reduction applies to both lending and deposit rates, making loans cheaper for borrowers. The new rates will take effect from April 15, 2025, impacting home loans, personal loans, and other retail loan products. Other banks have also announced similar rate reductions to support economic growth.

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        ActsIncome Tax
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