suryapet is the headquarter of the Suryapet district in Telangana. The Government of India had announced Suryapet to be developed under the AMRUT scheme or the Atal Mission for Rejuvenation and Urban Transformation scheme. In Swachh Survekshan 2017, the Ministry of Urban Development awarded the title of the "Cleanest city" in South India to Suryapet. The city has direct connectivity via four-lane express highway to Hyderabad and to Vijayawada. National Highway 65 passes through Suryapet. It is often called the "Gateway of Telangana." The city was earlier known as Bhanupuri but has been modernized into the name Suryapet. The area has been ruled by the Chalukyas, the Kakatiyas and the Nizams of Hyderabad. The city has more than 1 lakh residents. Telugu and Urdu are the most commonly used language in Suryapet. The city has ample government schools to impart primary and secondary school education. The city has quite a few aided and private schools and colleges. It is well connected to the nearby areas through railway and road transport.
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.