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Low interest rate instant Personal Loan in Aligarh,23 July 2019 from IDBI Bank

Aligarh, a city in the North Indian state of Uttar Pradesh, was earlier known as Allygurh & Koil. The city is around 150 kilometers away from New Delhi. One of the largest cities in UP, Aligarh is well-known for the Aligarh Muslim University. The city is administered by its municipal corporation known as Nagar Nigam Aligarh. It is divided into five tehsils which are further divided into 12 blocks. The city is an agricultural trade center and the economy is fuelled by the processing and manufacturing of agricultural products. It is also a world-renowned business center for locks which are exported worldwide. The city is also known for its hardware and sculptures made of brass. There are innumerable manufacturers, exporters and suppliers in Aligarh who are involved in the brass, bronze, iron and aluminum industries. The Shekha Jheel Bird Sanctuary, the Aligarh fort, the Mangalayatan Temple and Aligarhs famous museums are places worth visiting in this city.

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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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