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Rental Deposit Loans from Indian Overseas Bank in Lucknow

Lucknow lies on the banks of River Gomti and the bustling city is the capital city as well as the largest city in the Indian state of Uttar Pradesh. The city that was once ruled by the Nawabs, the Mughals, the Delhi Sultanate as well as the British colonizers, continues to spread the charming aura of the ancient days through various relics left behind by the rulers. The Nawabs of Awadh beautifully built the city which proudly showcases its ancient and medieval architecture alongside a rich culture and glory. The Mughals and the Sultans gave the city its delectable Islamic cuisine. The British Raj witnessed the courage of this city as it became a major seat of the Great Revolt of 1857. Over the period of change and time, Lucknow has successfully retained its age-old charm and glory even after its tremendous modernization. The city is known for its warmth and hospitality. Lucknow passionately nurtures its literature, music and art. The picturesque city is filled with extraordinary monuments and mausoleums that depict an enthralling blend of ancient, colonial and modern architecture. Historical monuments like the Kaiserbagh Heritage Zone, Imambara, Rumi Darwaza, Dilkusha, etc attract tourists. Many pilgrims visit the city on their way to the birthplace of Lord Rama which is in the vicinity of Lucknow. Tourists from all over the planet visit this city to taste the Lucknowi Biryani and Kebabs, shop at the old bazaars for Chikan embroidery and zardozi which have become a global fashion and to explore the mazes of the enigmatic Bara Imambara.

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Low interest rate Rental Deposit Loan in Lucknow, 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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