Manage Money

Bank Name

Holiday Loan from IDBI Bank in Bardhaman

Bardhaman is a city in the Indian state of West Bengal. It is also known by its anglicized name Burdwan. It functions as the headquarters of the Purba Bardhaman district. Bardhaman used to be the district capital during the British era. The city experiences a hot and humid climate and hosts around 4 lakh residents. It is connected to the neighboring cities of Kolkata on one side and Durgapur on the other via the Durgapur Express Highway (NH2). There are quite a few places worth visiting in and around the city. The Shrine of Sarvamangala is believed to be a holy spot that is built upon Goddess Satis umbilicus. The Curzon Gate was built when Lord Curzon had visited the city for the first time. The Shiva Temple At Nawab Hat has 108 temples dedicated to the great Lord. Bengal being a major educational hub in the country has many prestigious educational institutions in each city. The University of Burdwan is one of the most prestigious universities in the state. Burdwan Medical College, Burdwan Raj College and Vivekananda Mahavidyalaya, Burdwan are of great repute. Many residents of Burdwan travel to the nearby cities for work. A good number of the population is employed in various government offices within the city. Agriculture is another major contributor to the citys economy as Bardhaman is known for its rich and fertile soil.

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 Bardhaman, 21 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.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs