Guntakal is situated in the Anantapur district of Andhra Pradesh. The headquarter of the Anantapur revenue division and the Guntakal mandal is situated in this city. The city houses around 2 lakh residents who mainly speak in Telugu and Kannada. Situated in the south-western part of Andhra Pradesh, Guntakal is very close to the state border and is only 50 kilometers away from Bellary in Karnataka. Guntakal Railway Division of South Central Railway is one of the most profitable divisions in Indian Railways and it houses a railway diesel shed. Lord Anjaneya Swamy Temple, which is locally referred to as Nettikanti Anjaneya Swamy Temple, is situated near Guntakal and attracts devotees from across Andhra Pradesh, Karnataka and several other parts of South India every day. Guntakal also has a relic of the Jain religion. Jambudweepachakra in the vicinity of the town is known to have been sculpted by Jain priests. The is a tomb of a Sufi saint named Mastan Vali is situated near Guntakal which attracts devotees across all religions and castes. Our Lady of Health Church at Guntakal is an architectural wonder.
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.