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Holiday Loan from IDBI Bank in Tiruppur

The city of Tiruppur is situated in the south Indian state of Tamil Nadu. It is the states fifth largest. Thiruppur lies on the banks of the River Noyyal and serves as the administrative headquarters of the Tiruppur district. The city is also familiar to many as the "Knit Wear Capital of India" or as "Textile City." Tiruppur was a major part of a trade route and was much coveted by various ruling dynasties in India during the medieval period. The city is a manufacturing hub for textiles, knitwear, bleaching and dyes. The economy of the city is flourishing on textiles. There are small industries manufacturing commodities for MNCs like Nike, Walmart, Adidas, Diesel, Tommy Hilfiger, etc. The educational necessities of students in Tiruppur are taken care of by renowned institutions like Tamil Nadu School Of Architecture, Alagappa University, Bharathiar University, A.S Educational Institute, Bharathiyar University, School Of Distance Education, etc. Tiruppur is an ancient city and hosts many monuments of cultural, religious as well as historical significance. A few areas of tourist interest in and around Tiruppur are Avinashi Temple, Thirumoorthy Dam, Tirupur Kumaran Memorial Statue, Amaravathi Crocodile Farm, Orathuppalayam Dam, Ayyan Kovil, etc.

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Low interest rate Home Loan in Tiruppur, 19 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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