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Rental Deposit Loans from Indian Overseas Bank in Tadipatri

Tadipatri is a town in the Anantapur district of Andhra Pradesh. It is also known by the name of Tadpatri. Tadipatri city functions as the headquarter of the Tadipatri Mandal in the Anantapur revenue division. The Tadipatri municipality is a first-grade municipality which was constituted in the year 1920. It is divided into 34 wards for effective administration. The city is located at the border of Kadapa and Kurnool district. The ancient and world-famous Chintala Venkataramana Temple which sprawls over a five-acre area is located in Tadipatri. The Penna river flows through the city. The Bugga Ramalingeswara Temple, located within one kilometer from Tadipatri, is known for its Shiva Lingam which seated on a pedestal that is filled with water at all times from a small spring. These temples bring a lot of devotees and tourists to Tadipatri from the neighboring areas. Tadipatri has cement grade limestone deposits. These limestone reserves largely contribute the economy of the city. Tadipatri has a treasure-house of beautiful ancient sculptures from the Vijayanagara empire.

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Low interest rate Rental Deposit Loan in Tadipatri, 04 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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