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Credit Card Takeover Loan from IDBI Bank in Kishanganj

Kishanganj in Bihar was earlier a part of the Purnia district. The city, located in the Mithila region of the state, has now become a district on its own. The region has been under the dominance of the Indo-Aryan race, the Kingdom of the Videhas and was later incorporated into the Vajji confederacy. It is an economically backward region and is currently being funded by the Backward Regions Grant Fund Programme. Kishanganj is a Muslim majority area in Bihar that has more than 1 lakh residents. The people living in Kishanganj speak in Maithili, Urdu, Surjapuri and Hindi. Many educational institutions have been established in Kishanganj in the last few years. Sonia Gandhi laid down the foundation stone of the Kishanganj campus of Aligarh Muslim University in 2014. Dr. A P J Abdul Kalam Agriculture College is also being built at Kishanganj. The city has a strong railhead and is well-connected to the neighboring areas via railway as well as roads.

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Low interest rate Credit Card Take Over Loan in Kishanganj, 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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