Manage Money

Bank Name

Rental Deposit Loans from Indian Overseas Bank in Gorakhpur

Gorakhpur is situated in the Indian state of Uttar Pradesh. Nestled on the banks of River Rapti, Gorakhpur serves as the administrative headquarters of the Gorakhpur district. History reports that the city was ruled by the Nawab of Awadh and then by the British East Indian Company for over 200 years. At present, the city is divided into 70 wards for the purpose of effective administration. The economy of Gorakhpur is driven by the cultivation of crops like rice, maize, rapeseed, mustard, pigeon pea, sorghum, pearl millet, moong beans, Bengal gram, green peas, wheat, etc. Sugarcane is the chief cash crop grown in the area. The city hosts many educational institutions such as Bhawani Prasad Pandey PG College, Deen Dayal Upadhyay Government Degree College, Blooming Buds Degree College, Jawahar Lal Nehru PG College, BRD Medical College & Nehru Hospital, Indira Gandhi Girls Degree College, etc. Gorakhpur is a fascinating tourist destination which draws people from all parts of the country. The places in and around the city that are worthy of a visit are the Gorakhnath Temple, the Railway Museum, Kushmi Forest, Neernikunj Water Park, Indra Bal Vihar Park and St. Josephs Cathedral church.

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 Rental Deposit Loan in Gorakhpur, 02 July 2020 from Indian Overseas Bank

In 2000, Indian Overseas Bank engaged in an initial public offering (IPO) that brought the governments share in the banks equity down to 75%. In 2001, the IOB acquired the Mumbai-based Adarsha Janata Sahakari Bank. Then in 2009, the bank took over Shree Suvarna Sahakari Bank, which was founded in 1969 and had its head office in Pune. Since 2006, Shree Suvarna Sahakari Bank had been in administration. It had nine offices in Pune, 2 in Mumbai and 1 in Shirpur. The total strength of employees was estimated to be more than 100. On 29 August 2003, the Indian Overseas Bank has opened an extension counter at New Kathiresan Temple complex, Bambalapitiya, Ceylon. The IOB opened a representative office in Guangzhou, China in 2005 followed which the bank opened another representative office in Kuala Lumpur and 2009 in Dubai, UAE. In the new millennium, international expansion started once again. The bank took over Bharat Overseas Bank in 2007. After three years, Malaysia granted a commercial banking license to a local bank jointly owned by BOB, IOB, and the Andhra Bank. The new bank named, India International Bank ( IIB Malaysia), began its business in 2012 in Kuala Lumpur and had a large population of Indians. The Andhra Bank holds a 25% stake in its joint-venture, BOB owns 40%, and remaining 35% is with IOB. On 31 August 2013, the Indian Overseas Bank has opened an offshore banking unit in Colombo, Sri Lanka. The bank also converted its existing Extension Counter at Ceylon into a full-fledged branch.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs