The city of Etawah is located in the Indian state of Uttar Pradesh. Located on the banks of the Yamuna, this city functions as the administrative headquarters of the Etawah District. Etawah was an important center for the Revolt of 1857. The city witnesses the confluence of the Yamuna and the Chambal. The relics of the Great Hedge of India can be found in this city. History claims that this region existed even in the Bronze Age. The Hindu epic Mahabharata records this place as Ekchakranagari. This is where the Pandavas had learned about Draupadis swayamvara from the Brahmins. The Guptas, the Kanvas, Kanishka and the Naga kings have ruled over this area. During the Great Revolt of 1857, Etawah was occupied by the freedom fighters for six months from June to December, which disrupted the British rule for quite a long time. The economy of this area is supported by the cultivation of cotton, oilseeds, ghee and other agricultural produce that are locally consumed as well as exported. Special breeds of goats and buffaloes called Jamunapaari and Bhadawari respectively are raised in the area and exported. Etawah has a natural gas-based power generation plant. However, it doesnt have any manufacturing industry. Etawah is also known for its handloom products.
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.