Manage Money

Bank Name

Holiday Loan from syndicate Bank in Hubballi-Dharwad

The two neighboring cities of Hubli (or Hubballi in the local language) and Dharwad in the South Indian state of Karnataka were merged in 1961 to form the twin city of Hubli-Dharwad. The name "Hubballi" literally translates to "flowering creeper" in Kannada. The word "Dharwad" refers to a place of rest during long travel or a small habitation. While Hubli acts as the commercial center and business hub, Dharwad situated around 20 kilometers away is the administrative headquarter of the twin city. This city is the second largest in the state after the capital city of Bangalore. As history reveals, the area had been ruled by the famous Vijayanagara dynasty and later by the Mughals, the Nawabs, the Marathas as well as the Peshwas. Hubli, being the commercial hub, houses numerous of small and medium industries. The area is known for mining manganese ore and granite as well as for the agricultural production of cotton, groundnut and oilseeds. The twin cities are also adept at manufacture of textiles from the cultivated cotton. The green and scenic city of Dharwad, apart from housing the citys administrative departments, is also a seat of learning. Prestigious and renowned educational institutions like Karnataka Institute of Medical Sciences (KIMS), Karnataka State Law University, The District Institute of Education and Training, University of Agricultural Sciences, etc. An IIT has also been recently established at Dharwad.

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 Hubballi-Dharwad, 18 November 2019 from syndicate Bank

the Syndicate Bank was established by Upendra Pai, T M A Pai, and Vaman Kudva. The bank was popular as Canara Industrial and Banking Syndicate Limited at the time of its establishment. The Syndicate bank was nationalized by the Government of India On 19 July 1969, along with 13 major commercial banks of India. It is based in the university town of Manipal, India. The business of the bank started with a capital of 8000 rupees. In 1925, the first office of the bank began its business at Udupi in Dakshin Kannada district, Karnataka, India. Its membership as a clearinghouse was secured at Mumbai by 1937. The main objective of the bank was to provide the financial assistance to the local weavers. Initially, through its agents, the bank collected as low as two annas from the doorsteps of the depositors daily. Pigmy Deposit Scheme is the same kind of system, wherein the agents of the bank come doorsteps to collect the deposit, and it is still prevailing in India. The Bank has its branches in the multiple states and union territories in India. Syndicate Nitte School of Banking (SNSB) is a joint venture between the Syndicate Bank and Nitte Educational International Pvt. Ltd. (NEIL). It operates one center each at Mangalore and Greater Noida.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs