Manage Money

Bank Name

Wedding Loan from Indian Overseas Bank in Raurkela Industrial Township

The city of Rourkela is a planned city located in the northern part of the Indian state of Odisha. Rourkela is often referred to as Ispat Nagar and sometimes as the Steel City of Odisha. Rourkela has one of the largest steel plants of SAIL, which is also known as Rourkela Steel Plant. The city has been selected to be further developed into a smart city in the third phase of the Smart Cities Mission. The city celebrates Rourkela Day on 3rd March every year. The name of Rourkela originates from the native tribal language of Sadri. It is an amalgam of two words - "rour" means "our" and "Kela" means "village" which adds up to "Our Village." The city is situated in the Sundergarh district of Odisha. The Rourkela Township is segregated into two townships known as Steel Township and Civil Township. The Steel Township comprises of the Residential quarters of Rourkela Steel Plant and the other part is known as the Civil Township. The steel plants drive the economy of Rourkela and most of the residents are employed in the Steel industry. With several places of tourist attraction nearby, reputed educational institutions like the NIT Rourkela and all the modern amenities needed for a comfortable living, this thriving city is a great place to settle in.

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 Raurkela Industrial Township, 29 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