suryapet is the headquarter of the Suryapet district in Telangana. The Government of India had announced Suryapet to be developed under the AMRUT scheme or the Atal Mission for Rejuvenation and Urban Transformation scheme. In Swachh Survekshan 2017, the Ministry of Urban Development awarded the title of the "Cleanest city" in South India to Suryapet. The city has direct connectivity via four-lane express highway to Hyderabad and to Vijayawada. National Highway 65 passes through Suryapet. It is often called the "Gateway of Telangana." The city was earlier known as Bhanupuri but has been modernized into the name Suryapet. The area has been ruled by the Chalukyas, the Kakatiyas and the Nizams of Hyderabad. The city has more than 1 lakh residents. Telugu and Urdu are the most commonly used language in Suryapet. The city has ample government schools to impart primary and secondary school education. The city has quite a few aided and private schools and colleges. It is well connected to the nearby areas through railway and road transport.
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.