Tiruvottiyur is located in the Indian state of Tamil Nadu. It is a neighborhood in North Chennai, located within the Greater Chennai Corporation. It is often spelled as Thiruvottriyur or just TVT. The city belongs to the Tondiarpet division of the state. The city is located near Parrys and Chennai Central, yet it provides comparatively cheaper residential space along with decent amenities. Hence, it has become a much-coveted and sought after residential destination.The city comprises of industrial units, trading activity and fishing hamlets. Tiruvottiyur is easily accessible road and railway. There are around 2.5 lakh residents in Tiruvottiyur. It is believed that Thiruvottiyur was inhabited even before the city of Chennai was formed. There are many ancient as well as new temples in and around the city. Tiruvottiyur is a heavily populated suburb of Chennai. It has a few industrial establishments that employ a majority of the citys population. Business is another source of income for the residents. The fishing industry is also enormous in the city. The city is well-equipped with all the modern facilities and amenities. However, entertainment options are rather scarce in this city as a lot of movie theaters have been converted into real estate properties. The city is well-known for its food and a lot of hotels, restaurants and small food joints are distributed across the place. Thiruvottiyur is considered to be an economical housing zone. It is gradually developing on par with the other localities in Chennai.
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.