Manage Money

Bank Name

Holiday Loan from IDBI Bank in surendranagar Dudhrej

surendranagar Dudhrej is situated in the Surendranagar district of Gujarat. During the colonial era, Surendranagar was used as a hill station for medication and treatment. Its dry environment was beneficial for various ailments. The dry air of Surendranagar is still believed to be the apt place in Gujarat to bring relief to patients of tuberculosis. Surendranagar has many SMEs including confectioneries, ceramics, pharmaceuticals, engineering plastics and salt production. Nearly 25% of Indias salt supply comes from Surendranagar. The Wadhwan city near Surendranagar functions as a major hub for trade and processing of cotton, agricultural products, salt, chemicals, pharmaceuticals, plastics, textile bearings, ceramics and sanitary ware. Surendranagar is also a hub of cotton and ginning activities. Numerous ginning and pressing units can be found in the area. It is a large producer of premium quality shankar cotton in the world. The Surendranagar Cotton Oil and Oilseeds Association Ltd. is famous for trade and exchange. It is Indias first Cotton Future Trading Exchange and was established in 1964. Home to a big textile and clothing market, Surendranagar specializes in saris. Vadwala Mandir of the Rabari community is situated in Surendranagar and attracts many visitors of the community on important days of rituals and ceremonies.

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 surendranagar Dudhrej, 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.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs