sultan Pur Majra is located in the North West district of Delhi. It is a census town and an integral part of the National Capital Region of India or NCR. This city has more than 1.6 lakh people who mostly speak in Hindi and English. The residents of this town mostly work in various service sectors of the NCR region. Sultan Pur Majra is being rapidly developed into a residential city. Modern amenities such as educational institutes, entertainment facilities, recreational facilities, shopping centers are being gradually set up in the area to offer a comfortable lifestyle to the people. Sultan Pur Majra is very well connected to the capital city of Delhi via road and Delhi metro.
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.