Manage Money

Bank Name

Holiday Loan from IDBI Bank in Rewa

Rewa is a thriving city in the Indian state of Madhya Pradesh. The city is known for hosting the worlds first white tiger safari that was established at Mukundpur by the Central Zoo Authority of India. The city of Rewa has more than 2 million residents. It experiences a humid subtropical climate, with torrid summers, humid monsoons and cool misty winters. Rewa is known for its diversified economic base. The intricate handicrafts produced by the people of Rewa spread over various forms such as paintings, terracotta, marble articles, silver arts, etc. Rewa is also rich in mineral resources. A large variety of important minerals such as limestone, sandstone, phosphate, asbestos, calcite, talc are found in and around the city. These have become major driving resources behind the various industries based in the city. Agriculture is a leading contributor to the citys economy. The Major crops grown in the area are Maize and Jowar during the Kharif season and Wheat and Mustard during the Rabi season. Additionally, pulses, groundnut and several vegetables are also cultivated at Rewa. The Jawahar Lal Nehru University of Agriculture and Technology is one of the major educational institutes in the area. Rewa is also a shopping destination as it has a thriving retail market. The Vindhya Mahotsav is celebrated at Rewa in April every year. The main purpose of organizing this festival is to promote the culture, business and handicrafts of Rewa.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Home Loan in Rewa, 28 October 2021 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.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs