Manage Money

Bank Name

Wedding Loan from Indian Overseas Bank in Jabalpur

Jabalpur is a city in the Indian state of Madhya Pradesh. Earlier known as Jubbulpore, this city is often referred to as the Marble City of India. It is the third-largest urban agglomeration in Madhya Pradesh as well as the administrative headquarters of Jabalpur District. As the Kalchuri and Rajgond dynasties had ruled over the city, Jabalpur exhibits a mixed culture of the Mughal and the Maratha rule. Gandhiji had stayed in the city for a long time before the Indian independence and had started the Swadesh, Swaraj and Sathyaghra here. Jabalpur city is divided into 79 wards to initiate smooth civic administration. Commercial crops such as pulses, oilseeds, cotton, sugar cane and a few medicinal crops are grown in Jabalpur. The economic growth of the city is principally based on agriculture and also on arms and ammunition industries. Other major industries in the city include garment manufacturing, glassware, electrical goods, limestone products and building materials. There are quite a few notable educational institutions at Jabalpur. Jabalpur, as a tourist destination, has numerous places to visit. Dhuandhar Falls and Marble Rocks in Bhedaghat are the most popular places frequented by tourists. The Pench National Park, Kanha Tiger Reserve, Dumna Nature Reserve Park and Bandhavgarh National Park are the other adventurous tourist destinations in the vicinity of the city.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Wedding Loan in Jabalpur, 17 January 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.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs