The city of Junagadh in the Indian state of Gujarat functions as the headquarters of the Junagadh district. It is the 7th largest city in Gujarat, situated at the base of the Girnar hills. There are two rivers flowing through the city, namely Sonrakh and Kalwo. The name of the city literally translates to "Old Fort." The city was earlier a princely state and is also known by its previous name "Sorath." Junagadh was initially a part of the Saurashtra state and later belonged to the Bombay state. After the Maha Gujarat movement in 1960, the city became a part of the newly formed state of Gujarat. Mountainous region and forest reserves constitute the topography of Junagadh which doesnt support the growth of industries or plants in the area. The main source of economic growth for Junagadh is its mineral-based cement industry, agricultural production and the power sector. There are huge reserves of limestone in the vicinity of Junagadh, which ensures a thriving cement industry. The major crops cultivated in the area are wheat, oilseeds, cotton, mango, groundnut, garlic, banana, onion and brinjal. There are spectacular tourist spots in Junagadh. The Uparkot Fort is an impressive fort that was built by Chandragupta during the Mauryan rule. The temple at Somnath is famous among Hindu devotees. The Gir Forest National Park draws numerous tourists every year.
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.