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Holiday Loan from Karur Vysya Bank in Machilipatnam

The city of Machilipatnam in the Krishna district of Andhra Pradesh functions as a municipal corporation, as well as the administrative, headquarter of its district. The city is also known as Masulipatnam and Bandar. It is an ancient port town which served as the settlement of the European traders in the 16th century. The British, Dutch and French used it as a major trading port in the 17th century. Machilipatnam experiences a tropical savanna climate with hot and humid summers and moderate winters. The city gets torrential rainfall during July, August and September. Owing to its vicinity to the Bay of Bengal, Machilipatnam is frequently hit by cyclones originating in the sea. The Machilipatnam Municipal Corporation is the civic body responsible for the governance of the city. This seaside city is known for its handloom industry, specializing in Kalamkari textiles that are exported to the United States and other Asian countries. Building boats and fishing are the other notable industries. Machilipatnam used to be a trading base for the Europeans and was known for the minting of copper coins, exporting diamonds and textiles. The AP state government is trying to revive the glory of the former port city. The Machilipatnam Area Development Authority is planning to set up a deep seaport and its associated industrial corridor at Machilipatnam which is expected to employ over 25,000 people.

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Low interest rate Home Loan in Machilipatnam, 17 November 2019 from Karur Vysya Bank

Karur Vysya Bank based in Karur, Tamil Nadu. It is a private-sector bank and was set up by M. A. Venkatarama Chettiar and Athi Krishna Chettiar in 1916. The bank primarily operates in the treasury, corporate/retail banking segments and wholesale banking. It provides services such as personal, agricultural banking, corporate, and services to NRIs and MSME. The bank offers housing loan, personal loan, insurance, and fixed deposits among others under private banking. The KVB offer services like corporate loans, multicity current account, demat account, and general insurance among others under corporate banking. The schemes supplied by KVB under agricultural banking includes Green Harvester, Green Trac, and KVB Happy Kisan among others. The bank offers products such as MSME Cash, Vendor Bill Discounting among others. As on 1 July 2018, the bank had increased branches and ATMs during the year thus accounting the total number to 798 branches and 1,780 plus ATMs. In FY16, it introduced many initiatives like an e-book, reloadable cards, Kisan credit cards, automatic passbook kiosk, etc. The recent action is the introduction of a fast tag and UPI based payment system. As of Dec 2017, total business volume was1,00,000+ crore.

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