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Rental Deposit Loans from Indian Overseas Bank in Rampur

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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Low interest rate Rental Deposit Loan in Rampur, 07 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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