Anantapur, situated in the Indian state of Andhra Pradesh, is a small city that functions as the mandal headquarters as well as the divisional headquarters of the Anantapuramu mandal and the Anantapur revenue district respectively. Its official name is Anantapuramu. The region experiences a semi-arid climate that remains hot and dry for most of the year. Around 2.5 lakh people live in the city. Anantapuramu provides railway connectivity and it is labeled as an A?category station in the Guntakal railway division. It is connected to the nearby cities through several national and state highways. Millets like Jowar, Bajra and Ragi are cultivated here for consumption as well as trade. The important educational institutions in Anantapur are Sri Krishnadevaraya University, Sri Sathya Sai University and a campus of JNTU. Telugu is the most widely spoken language. Urdu, Kannada and English are also spoken.
IDBI Bank was established to provide credit and other financial facilities for the development of the fledgling Indian industry, in 1964. The Government of India owns it. It is a nationalized bank treated on par with State Bank of India (SBI) and other nationalized banks as per the notification dated 26th February 2013 by the finance ministry. At present,77% stake in IDBI Bank is holding by the government. In the current fiscal of 2017-18, the bank made a loss of Rs.853 crore compared to a profit of Rs.241 crore earned during the last fiscal year. It currently has 3,817 ATMs, 1,995 branches, including one overseas office in Dubai. On June 29, 2018, Life Insurance Corporation of India (LIC) has got a technical go-ahead from IRDAI to increase stake in IDBI Bank up to 51%. The RBI formed a committee which recommended the development financial institution (IDBI) to diversify its activity and harmonize the role of development financing and banking activities by getting away from the conventional distinction between commercial banking and developmental banking. The bank had 16,555 employees, out of which 197 were employees with disabilities, as on 31st March.