Bijapur, a small city in the Indian state of Karnataka, is officially known as Vijayapura. The city is renowned for its historical monuments of grand architecture built during the reign of the Adil Shahi dynasty. It is a heritage city of Karnataka. The city was established in the 10th or 11th century by the Chalukyas of Kalyani and was named as Vijayapura or the city of victory. Bijapur is an ancient city which is the domain of different cultures and also houses five rivers. The rivers ensure a fertile land in the area that supports the agricultural lifestyle of its people. However, most of these rivers are rainfed and hence the region suffers from drought very frequently. There are reputed universities at Bijapur such as the Visvesvaraya Technological University, Karnataka State Womens University, Rajiv Gandhi University of Health Sciences, etc. The place has a rich cultural heritage reflected through its sophisticated literature.
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.