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Low interest rate instant Personal Loan in Rampur,18 August 2019 from IDBI Bank

Rampur is a city located in the Rampur District of the Indian state of Uttar Pradesh. A rich and thriving city earlier, Rampur was known for its industries like sugar refining and cotton milling. Its famous library has over 12000 rare manuscripts and an excellent collection of Mughal miniature paintings. It functions as the administrative headquarters of the Rampur District and hosts a majority of Muslim population. It is often referred to as the city of Nawabs. Rampur is famous for unique long-bladed knives known as "Rampuri chaaku," which has been recently banned by the state government. The Nawabs of Rampur were highly fond of poetry and other fine arts. Hence, the city is famous for its Urdu poetry which has come to be known as the Rampuri school of poetry. The city is also known for the Rampur-Sahaswan gharana of Hindustani classical music. The rulers of Rampur have gifted the city with architectural wonders - the Rampur Fort, the Jama Masjid, the Shahbad Gate, the Nawab Gate are a few to name. The economy of Rampur is driven by its major cash crop called mentha which aids in the manufacture of menthol oil. The kite-making industry is a prime industry in Rampur; artisans make hand-made kites of various sizes and shapes that are popular all over the state.

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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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