Manage Money

Bank Name

Credit Card Takeover Loan from IDBI Bank in Bellary

The city of Bellary in the Indian state of Karnataka is also known as the corporation city. It has several other names such as Kuntala Desha, Sindavadi-Nadu and Nolambavadi-Nadu. It is a very well-known mining town. Various dynasties like the Chalukyas, the Vijanagara Empire, the Marathas, the Nizams, the Sultans, etc. have ruled over this city for years. Bellary is divided into 35 wards in order to ensure effective governance and administration, which is managed by elected representatives. The main source of the citys economy is from the industries like mining and agriculture. The city houses various industries like steel, textiles, garments and rice mills. Bellary attracts tourists in between October and December from India and abroad. The city is known for its majestic forts, serene hills, verdant parks, gardens and green spaces. Popular tourist spots in Bellary include the Bellari fort, The Ballari and Kumbara Rock Hills, Bellary Zoo, Kuntegadda Park, Kaategudda Park, Nagaruru Narayanarao Park, etc. The city has a multi-lingual community. While Kannada is the official language, Telugu is the most widely used language in this city. Moreover, Dakhini and Hindi are also spoken by many. There are several minority speakers of Gujarati, Rajasthani, Punjabi, Urdu, Tamil, Malayalam, Marathi, Marwari, Nepali, Odia, Bihari, and Manipuri.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Credit Card Take Over Loan in Bellary, 06 December 2021 from IDBI Bank

IDBI Bank was founded in 1964 under the Parliament Act as a wholly-owned subsidiary of the RBI. In 1976, GOI took the ownership of IDBI, and it became the primary financial institution for streamlining the activities of financing and developing industry institutions involved in India. In July 1995, After the public issue of IDBI, the government holding in the bank shares came down from 100% to 75%. RBI formed a committee which recommended the IDBI for diversification of its activities and harmonizing the role of development financing and banking activities by reducing the gap between commercial banking and developmental banking. To sync with reforms in the financial sector, IDBI reshaped to a commercial institution. IDBI obtained the status of a limited company under the IDB(Transfer of Undertaking and Repeal Act, 2003, viz, IDBI Ltd. The RBI conferred the scheduled bank status to IDBI under the RBI Act, 1934. As a result from 1st October 2004, the IDBI formally entered into banking business as IDBI Ltd. In the Forbes Global 2000, IDBI Bank was ranked 1197 in May 2013.Mr. B Sriram is the interim MD and CEO of the IDBI Bank. The equity shares of IDBI Bank is listed on Bombay Stock Exchange and NSE.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs