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Wedding Loan from Indian Overseas Bank in Bhilai

Bhilai, popularly known as the ?Steel City of India," is situated in the Indian state of Chhattisgarh. It is also the administrative capital of Durg district, divided into 68 administrative wards for better governance. The city has been named after the Bhil tribe which inhabited this region. The city is famous for the Bhilai Steel Plant, which is one of the oldest bedrocks of Indias economy. It was the first Indian Steel plant that produced steel rails. The chemical industry is also quite flourishing in Bhilai. The economy of the city is mainly based on the steel manufacturing plant built here. The city houses many educational institutions and universities like Christian College of Engineering & Technology, CSVTU Bhilai, R.S.R Rungta College of Engineering and Technology, Shri Shankaracharya College of Nursing, Rungta College of Dental Sciences and Research, etc. A few interesting places to visit in the vicinity of Bhilai include the Ganga Maiya Temple, Civic Centre, Tandhula Dam, Maitri Bag, Dhamadha River, Siya Devi temple, Bambleshwari Temple, Deobaldo, Narpura temple, etc.

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Low interest rate Wedding Loan in Bhilai, 11 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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