Jalgaon is a small and developing city in western India, located in the state of Maharashtra. It is also known as Khandesh and the Girna River flows through the city. Jalgaon serves as the administrative headquarters of the Jalgaon district with almost half a million residents and a separate a municipal corporation. This city is known for its banana cultivation as it produces more than 16% of the countrys bananas, which adds up to 3% of the worlds total banana production. There are a few prestigious academic institutions in Jalgaon. The North Maharashtra University established in August 1989, the Government Polytechnic Jalgaon established in 1960 and the Government College of Engineering established in 1996 ensure a sound education to the young minds of this city. Tourism fairly contributes to the citys economy as there are plentiful temples in and around Jalgaon that attract a lot of Hindu devotees. Apart from the temples, the Gandhi Teerth Museum and the Mehrun Lake are popular places of tourist attraction.
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.