Ajmer is situated in the Indian state of Rajasthan and is the administrative headquarters of the eponymous Ajmer District. It is one of the heritage cities for HIRDAY- heritage city development and augmentation Yojana launched by the PM of India. The city is also known as ?The City of Unity? and ?Heart of Rajasthan.? Ajmer has a long history of being ruled by the Rajputs who played an important role in shaping up the city. The city has been divided into 55 wards for effective administration, with each ward represented by an elected member. The economy of Ajmer is based on agriculture as well as manufacturing and textile industries. Crops like bajra, jowar, pulses, maize, groundnut, cotton, wheat, barley, gram and oilseeds are grown in the entire Ajmer district. The city hosts many educational institutions and universities like the Central University of Rajasthan, Maharshi Dayanand Saraswati University, etc. Ajmer is a beautiful tourist destination with plenty of must-visit places such as Akbars Palace & Museum, Dargah Ajmer Shariff, Nasiyan Jain Temple, Taragarh Fort, Ana Sagar Lake, Nareli Jain Temple, Rangji Temple, etc.
IDBI Bank was founded in 1964 under the Parliament Act as a wholly-owned subsidiary of the RBI. In 1976, GOI took the ownership of IDBI, and it became the primary financial institution for streamlining the activities of financing and developing industry institutions involved in India. In July 1995, After the public issue of IDBI, the government holding in the bank shares came down from 100% to 75%. RBI formed a committee which recommended the IDBI for diversification of its activities and harmonizing the role of development financing and banking activities by reducing the gap between commercial banking and developmental banking. To sync with reforms in the financial sector, IDBI reshaped to a commercial institution. IDBI obtained the status of a limited company under the IDB(Transfer of Undertaking and Repeal Act, 2003, viz, IDBI Ltd. The RBI conferred the scheduled bank status to IDBI under the RBI Act, 1934. As a result from 1st October 2004, the IDBI formally entered into banking business as IDBI Ltd. In the Forbes Global 2000, IDBI Bank was ranked 1197 in May 2013.Mr. B Sriram is the interim MD and CEO of the IDBI Bank. The equity shares of IDBI Bank is listed on Bombay Stock Exchange and NSE.