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Credit Card Takeover Loan from IDBI Bank in Durgapur

Durgapur, situated in the Burdwan district of the Indian state of West Bengal, is Indias second planned city. It is the third largest city in West Bengal and is also known as the "Ruhr of India." It lies beside the Damodar River and is the only city in the eastern part of India to have an operational dry dock. The city is a base of industrialization in East India owing to it coal-rich belt which supports the flourishing steel, cement, thermal power and chemicals industries. Large-scale industries like the Durgapur Steel Plant, the Durgapur Thermal Power Station, the Durgapur Cement Ltd, Graphite India Ltd, Hindustan Fertilizer Corporation, etc are based out of this city. Education is another sector that has a strong hold on this region. Institutions like National Institute of Technology, National Power Training Institute, Central Mechanical Engineering Research Institute, apart from several Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas School ensure quality education to the youth of Durgapur. Durgapur is not exactly a typical spot for tourism. However, some of the places worth visiting include Durgapur Barrage, Mohan Kumar Mangalam Park, Anand Amusement Park, Rahreswar Shibtola, Ram Mandir, Deul Park, Garh Jungle, etc.

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Low interest rate Credit Card Take Over Loan in Durgapur, 09 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.

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1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs