Dindigul is situated in the Indian state of Tamil Nadu. It was earlier known as Ti??ukkal. Dindigul is located amidst the Palani and Sirumalai Hills and has a large reserved forest area. This ancient settlement is believed to have been ruled by various dynasties like the Pandyas, the Cholas, the Pallavas, the Madurai Sultanate, the Vijayanagara Empire, the Dindigul Sultanates, the Madurai Nayak Dynasty as well as the British. Dindigul proudly houses a number of historical monuments and Rock Fort is the most prominent one among them. The hosts more than 2 lakh people who mainly speak in Tamil. Dindigul is well-connected to the rest of the city through roads and railway. Dindigul has several industrial units in safety lock making, textile spinning, leather tanneries, agricultural trading, administrative services, agricultural machinery, banking and educational services. Additionally, Dindigul has vast expanses of cultivation land. Agriculture is the chief occupation of its residents. The climatic condition of Dindigul is highly conducive for horticulture and agriculture. Hence, non-food crops such as coffee, flowers, tobacco, and eucalyptus are grown in this city. Wholesale trading of fruits such as orange, pineapple, sapota and guava are extensively done at Dindigul. Various temples, mosques and churches are found in the area with intriguing architectural styles from various ruling dynasties.
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.