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Holiday Loan from IDBI Bank in Aizawl

The largest and the capital city of the Indian state of Mizoram is Aizawl. It is the states center of administration and houses all the important government offices such as the civil secretariat and the state assembly house. The population of Aizawl is around 3 lakhs and it strongly reflects the various communities of the ethnic Mizo people. 93% of the population is Christian. The city is located in between the Tlawng river valley and the Tuirial river valley. It has a mild sub-tropical climate but also experiences heavy rainfall. The economy of Aizawl is primarily sustained by government services. The major banks are located within Aizawl, employing many residents. The tourism industry is a flourishing trade in the scenic city of Aizwal, which has many hotels that further boost the citys economy. The city is moderately connected to the neighboring areas and the government is working on improving the connectivity. The various places of tourist interest in and around Aizwal are Solomons Temple, Baktawng Village, Durtlang Hills, Bara Bazar, Mizoram State Museum, etc.

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Low interest rate Home Loan in Aizawl, 19 April 2019 from IDBI Bank

IDBI Bank was established to provide credit and other financial facilities for the development of the fledgling Indian industry, in 1964. The Government of India owns it. It is a nationalized bank treated on par with State Bank of India (SBI) and other nationalized banks as per the notification dated 26th February 2013 by the finance ministry. At present,77% stake in IDBI Bank is holding by the government. In the current fiscal of 2017-18, the bank made a loss of Rs.853 crore compared to a profit of Rs.241 crore earned during the last fiscal year. It currently has 3,817 ATMs, 1,995 branches, including one overseas office in Dubai. On June 29, 2018, Life Insurance Corporation of India (LIC) has got a technical go-ahead from IRDAI to increase stake in IDBI Bank up to 51%. The RBI formed a committee which recommended the development financial institution (IDBI) to diversify its activity and harmonize the role of development financing and banking activities by getting away from the conventional distinction between commercial banking and developmental banking. The bank had 16,555 employees, out of which 197 were employees with disabilities, as on 31st March.

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