Manage Money

Bank Name

Low interest rate instant Personal Loan in Nagpur,20 July 2019 from IDBI Bank

Nagpur is a sprawling metropolis in the Indian state of Maharashtra. It is considered to be the winter capital of the state as the winter session of the Maharashtra State Assembly is held in Nagpur every year. It is not only the third largest city in Maharashtra but is also an important political and commercial center of the state. It is sometimes referred to as the Orange City for the famous Nagpur oranges that are cultivated in the city and traded extensively. Nagpur has tropical savannah climate which has predominantly dry weather prevailing throughout the year, with a bit of rainfall in June and July. Being one of the cleanest Indian cities, Nagpur offers great perks to its residents in terms of livability, health-care, greenery and public transport. Nagpur provides a base for the Indian armed forces. The 118th infantry battalion of the Indian Army is at Sitabuli fort in Nagpur. The Maintenance Command of Indian Air Force is also currently headquartered at Vayusena Nagar in Nagpur. A few of India?s pre-eminent education institutes like IIM, NIT, AIIMS, etc. have their branches in Nagpur. Although Nagpur is not exactly a tourist destination, there are several forests, tiger rivers and Buddhist stupas in and around the city that are worth visiting.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

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.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs