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Rental Deposit Loans from Indian Overseas Bank in Khammam

The growing city of Khammam is located in the district of the same name in the Indian state of Telangana. It also functions as the headquarters of the Khammam district and the Khammam mandal. The citys was once called "Kammam mettu." Munneru, a tributary of River Krishna, flows through this city. Khammam receives much higher annual rainfall than the rest of the state and hence the city has been flooded a few times recently. The city is governed by Khammam Municipal Corporation. Administratively, the city is divided into 41 election wards and 11 revenue wards. There are several colleges in Khammam that offer courses in pharmacy such as Khammam college Of Pharmaceutical Sciences, Browns College Of Pharmacy, etc. The Khammam Fort was constructed in 950 AD by the Kakatiya Dynasty. The fort is perched on a hillock overlooking the city and serves as a major tourist attraction. The Lakaram Lake is also another major tourist attraction. Apart from these, there are quite a few other places in and around the city that are appealing to tourists. Ballepalli, Bhadrachalam, Parnasala, Nelakondapalli are a few among them.

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Low interest rate Rental Deposit Loan in Khammam, 09 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.

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