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Holiday Loan from IDBI Bank in Panchkula

Panchkula is a well-planned city located in the Indian state of Haryana. It lies adjacent to the union territory of Chandigarh and Mohali. Panchkula is a part of Greater Chandigarh which is also called the Chandigarh capital region. The Chandigarh-Mohali-Panchkula metropolitan area together forms a Chandigarh Tricity, which has a combined population of over 2 million. Panchkula alone has an approximate population of more than 5.5 lakh people. Panchkula hosts the Chandimandir Cantonment, the headquarters of the Indian Armys Western Command. The word "Panchkula" is derived from the words panch which means five in Sanskrit and kula which is the Sanskrit word for canals. Therefore the name of the city possibly refers to the five irrigation canals which distribute water to several parts of the city from the Ghaggar-Hakra River. The IT Park at Panchkula is a state of art infrastructure that aims to facilitate information technology in the city. The IT Park is spread over a vast expanse of 74 acres of land and is situates on the foothills of Shivalik Hills. It provides employment opportunities to the residents as well as migrants from other parts of the country. Tourism is another great source of economic growth. The places in and around Panchkula that are worth visiting are Pinjore Gardens, National Cactus and Succulent Botanical Garden and Research Centre, Kaushalya Dam, Khol Hi-Raitan Wildlife Sanctuary, Bir Shikargah Wildlife Sanctuary, and several temples.

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Low interest rate Home Loan in Panchkula, 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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