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Holiday Loan from IDBI Bank in Kurnool

Kurnool, also known as the "Gateway of Rayalaseema," lies on the bank of River Thungabhadra in the Indian state of Andhra Pradesh. The city had once been the capital of the state of Andhra Pradesh in the 1950s for three years. The Kurnool city serves as the headquarters of the Kurnool District. The rulers of various dynasties such as the Cholas, the Kakatiyas, the Nawabs and the Mughals have ruled over the city and given it a rich cultural heritage. The modern administration of the city is conducted by dividing it into 50 wards managed by elected representatives. The main economic activity in the city is fuelled by its industries such as mining and agriculture. The city is based has rich resources of various minerals like Iron, Ochre, Quartz, Dolomite, Limestone and Silica. Kurnool serves as an educational hub with institutions and universities like Rayalaseema University, Kurnool Medical College, G Pulla Reddy College of Engineering & Technology, Indian Institute of Information Technology (IIIT) Kurnool, Osmania College, etc. Kurnool draws a lot of tourists each year city and is well known for its excellent tourist destinations like the Belum Caves, Gandikota, Mantralayam, Yaganti Temple, Mahanandi Temple, Kurnool Fort, Kondareddy Burz, Rollapadu Wildlife Sanctuary, etc.

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Low interest rate Home Loan in Kurnool, 22 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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