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Holiday Loan from IDBI Bank in Tiruchirappalli

Trichy or Tiruchirappalli is a tier II city in the South Indian state of Tamil Nadu. It is the fourth largest city in the state and also the headquarter of Tiruchirappalli District. It is divided into 60 wards for its current administration with a wide and diverse population of more than 9 lakh. Trichy is located at the geographic center of Tamil Nadu and in the vicinity of River Cauverys delta region. The city has a rich religious history and is an ancient region with a lot of cultural significance. Tiruchirappalli is a major hub for engineering equipment manufacturing and fabrication. The economy of the city is driven by trade and small-scale industries in textile manufacturing. The densely populated city of Trichy is encompassed by agricultural fields where finger millets, paddy and maize are cultivated. The city is also known for its tanneries, oil presses and cigar-manufacturing units. Trichy is a celebrated center for education. The city boasts of its 45 arts and science colleges, 40 polytechnic colleges apart from institutes of great repute such as NIT Trichy, IIIT Trichy, Anbil Dharmalingam Agricultural College and Research Institute, Anna University Tiruchirappalli, etc. Major tourist spots in the city include Sri Ranganathaswamy Temple, Rock Fort Temple, Jambukeswarar Temple, St. Lourdes Church, Kallanai Dam, etc. Trichy is considered to be the third cleanest city in India preceded by Chandigarh and Mysore.

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Low interest rate Home Loan in Tiruchirappalli, 21 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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