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Holiday Loan from IDBI Bank in Darbhanga

Darbhanga is situated in the Indian state of Bihar. It is a municipal corporation, as well as the administrative headquarter, for the Darbhanga district and the Darbhanga division. It is considered to be the cultural hub of the Mithila region. Historically, Darbhanga was the seat of the Raj Darbhanga as well as the capital region of ancient Mithila. The city hosts nearly three lakh people and experiences a humid climate. The city is known for its educational institutes like the prestigious Darbhanga Medical College and Hospital, Womens Institute of Technology, Darbhanga College of Engineering, Kameshwar Singh Darbhanga Sanskrit University, etc. The city is well connected to all other important regions in the vicinity through roads and railway. Darbhanga Junction is one of the oldest railway stations of Bihar and has a massive network. It is one of the highest earning railway junctions in the eastern zone. The airport at Darbhanga was earlier a military base but is scheduled to operate commercial flights in 2019.

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Low interest rate Home Loan in Darbhanga, 24 May 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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