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Holiday Loan from IDBI Bank in Raipur

Raipur is the capital city as well as the largest urban agglomerate in the Indian state of Chhattisgarh. It was a part of Madhya Pradesh before the new state of Chhattisgarh was formed in November 2000. Naya Raipur or New Raipur is actually the new capital of the state which is 17 kilometers away from the older city of Raipur. Swami Vivekananda Airport separates these two cities. This city is the administrative headquarters of Raipur District. The current administration is based on its division into 72 wards which are managed by an elected representative. The source of Raipurs economy is mainly from agriculture. Crops like pulses, wheat, paddy, urad, peas, etc. are cultivated widely. Soybean, Alsi and groundnut are some of the oilseeds that are grown around the city. It is also a center for the state?s steel and other industries. Raipur has many educational institutions and universities like Indian Institute of Management, National Institute of Technology, All India Institute of Medical Sciences, Indira Gandhi Agricultural University, International Institute of Information Technology, etc. Although not a tourism-based city, Raipur has some places worth visiting such as the Shahid Veer Narayan Singh International Cricket Stadium, Shri Rajiv Lochan Mandir, Urja Park, Naya Raipur Central Park.

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Low interest rate Home Loan in Raipur, 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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