Bhopal, the capital of Madhya Pradesh, is known for its scenic beauty and old historic structures. The city has many natural as well as artificial lakes and is often referred to as the City of Lakes. The city is divided into two - old and new Bhopal. The old city is marked by its marketplaces, mosques and palaces, whereas the new city has modern buildings, broad avenues as well as many verdant parks and gardens. Folklore says that the city was founded by Raja Bhoja of the Paramara dynasty in the 11th century. The modern city of Bhopal was established by a Pashtun soldier in the Mughal army by the name of Dost Mohammad Khan soon after the death of King Aurangzeb. Bhopals delectable cuisine and splendid architecture was a gift from the Muslim rulers. During the British rule, Bhopal became a princely state and was ruled by four Muslim women who are popularly known as the Begums. These Begums gifted the city with its railways, waterworks, the postal system and even a municipality. Hindus and Muslims harmoniously coexist in this city that celebrates Diwali and Eid with equal passion and devotion. Bhopal, in recent times, serves as a trade center of electrical goods, and chemicals, cotton clothes and jewelry. The city also has various institutes of national importance. AIIMS, IISER and ISRO?s Master Control Facility are a few among them. Bhopal is known for its gas tragedy on 3rd December 1984, when methyl isocyanate gas escaped from the Union Carbide Insecticide plant and affected the lives of lakhs of people, killing thousands. It was one of the gravest industrial disasters in the history of mankind.
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.