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Low interest rate instant Personal Loan in Firozabad,25 August 2019 from IDBI Bank

Firozabad, a city in the Indian state of Uttar Pradesh, is commonly known by its nicknames "Suhag Nagari" and "The city of Glass." It was earlier known as Chandwar Nagar which was changed to Firozabad after a local champion named Firoz, during the rule of Emperor Akber. The city has been famous for glass and bangle works since these early days and hence its nicknames are extremely appropriate. The glass bangles and related small-scale industry of Firozabad are famous throughout the world. Firozabad suffers from low literacy levels and pollution. Child labor is intensely practiced in this city. Moreover, Firozabad also experiences an acute water crisis as the available water is polluted beyond repair by the discharge from various factories. Around 6 lakh people live in this city that experiences severe climatic conditions in both summer and winter. Most of the residents ofFirozabad are employed in the various units of manufacturing glass products.

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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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