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Holiday Loan from IDBI Bank in Naihati

Naihati is a riverside town in the Indian state of West Bengal. It is situated in the Barrackpore subdivision of the North 24 Parganas district. Naihati municipality, established in 1869, is one of the oldest in the country. Bankim Chandra Chattopadhyay, who wrote Indias national song Vande Mataram, was born in Naihati. Naihati had a vibrant industrial area. The jute mills along the bank of the Hooghly River were thriving and prosperous at a time, which attracted a lot of immigrants from the neighboring state of Bihar and Odisha. Hence, a large portion of Naihatis 2 lakh residents are immigrants who have settled down in shanty towns around the mill area. The Jenson & Nicholson factory was the first of its kind to be set up at Naihati. It produces paints, varnishes, pigments and allied products. The Gouripore Jute Mill and the Nuddea Jute Mills were leading providers of employment in Naihati. Naihati is also notable for fish farming - various genus of fish like Katla, Koi, Magur, Pabda, Rohu, etc. are reared in several fisheries in the area. Naihati railway station is also an important railway junction on the Indian Railways network. Durga Puja and Kali Puja are celebrated at Naihati with much pomp and show.

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Low interest rate Home Loan in Naihati, 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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