siwan is a city in Bihar. It is the district headquarters of the eponymous district. The city is situated near the border of Uttar Pradesh. Siwan has around 1.3 lakh residents who speak in Bhojpuri, Hindi & English. The city is divided into 38 wards for effective administration. This city has probably got its name from Shiva man, the ruler of the area until Babars arrival. A small river called the Daha River passes through the middle of the town - it dries up during the summer and often floods the town during the monsoon. 80% of the residents of Siwan are educated as the city is known for its many reputed academic institutions. Siwan is well connected via roadways and railways. The NH-531, NH-27 and several State Highways pass through the city. Siwan Junction railway station connects the city to other major cities of India.
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.