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Holiday 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 Home Loan in Kishanganj, 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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