Manage Money

Bank Name

Holiday Loan from Bank of Maharashtra in Arrah

The city of Arrah, situated in the Indian state of Bihar, is also a municipal corporation and the district headquarter of the Bhojpur district. The city has derived its name from the famous temple of Goddess Aaranya. Arrah lies near the confluence of the Ganges and Sone rivers. The name of the city is often transliterated as Ara. The economy of the city relies on farming and cultivation. The rich and fertile soil facilitates the cultivation of rice and wheat. Apart from these chief crops, other crops such as sugarcane, guava, mango, tomato and potato considerably contribute to the citys agrarian economy. Apart from the agro-based industries, the city also has an LPG Bottling Plant and it provides much space and scope for the development of other industries. The service sector in Arrah is also quite thriving and provides employment opportunity to many residents in construction work, automobile services as well as in the hospitality and commercial sectors. The city is a hub of appeal for Jainism as it has several old temples and hermitages. Other popular places of tourist attraction include the Sun Temple at Dev, Aranya Devi Temple, Veer Kunwar Singh Kila, Shahi Masjid, Karbala the Mosque, Chaturvuj Narayan Mandir, Mahamaya Mandir, Bhavani Mandir, Parswanath Mandir, Mahathin Mai Mandir, etc.

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 Home Loan in Arrah, 14 November 2019 from Bank of Maharashtra

the Bank of Maharashtra is a significant public sector bank in India owned by the government of India with 81.61% of the total shares. As of 5 April 2016, The bank had 15 million customers across the country and network of 1897 branches. It has the most extensive network of offices by any public sector bank in the state of Maharashtra. It was founded by V. G. Kale and D. K. Sathe, and on 16 September 1935, registered as a banking company at Pune with an authorized capital of ? 1 million. It began its operations on 8 February 1936. Banks financial assistance to small units has found many of todays industrial houses. In 1938, the second branch of the bank was opened at Fort, Bombay(currently Mumbai). The bank expanded rapidly after nationalization in 1969. Mr. Sushil Muhnot was the former Managing Director and Chairman before Mr. Ravindra Prabhakar Marathe, who is the current MD and CEO of the Bank of Maharashtra. In 1998, the bank had achieved autonomous status after moving into A category from C due to which it has limited interference of Government authority in its decision-making process and internal affairs. In 2004, it was listed in Bombay Stock Exchange and National Stock Exchange of India.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs