The paradisal city of Srinagar, situated in the northern edge of India, serves as the summer capital of Jammu and Kashmir. This gorgeous and pleasant city is popularly called the Paradise on Earth. River Jhelum flows through the city. Srinagar is known for its multitudinous lakes, green gardens, waterfronts, Shikaras and houseboats that make the city one of the most cherished tourist destinations across the globe. The city lies peacefully in the Kashmir valley and it is surrounded by the majestic Himalayas. Srinagar is organized and divided into 74 wards to improve civic and administrative maintenance. The tourism industry fuels the economy of this city. The warm and hospitable natives ensure that the tourism prospers. A lot of developmental activities are being initiated in the city to support the development of other industries. This grand tourist location presents a gateway to the snow-capped peaks of the Himalayas, the verdurous valleys of Kashmir and its serene lakes. Tourists who visit Srinagar love to take a Shikara-ride on the renowned Dal Lake, relish the peaceful nature at Betab Valley, admire the breath-taking landscape at the Mughal Gardens and Nishat Garden, observe the historic grandeur of Pari Mahal, and pay homage to the divinity at the Shankaracharya Temple. Srinagar experiences a humid subtropical climate with mild summers, extreme winters and heavy rainfall during spring., srinagar is a blissful city as well as the summer capital of the Indian state of Jammu and Kashmir. It is nested in the heart of the Kashmir valley. This beautiful city is aptly called the ?Heaven on Earth?. Srinagar is also famous for dry fruits, fresh fruits and spices. There are plenty of educational institutes in the city of Srinagar - NIT, Srinagar, is one of the oldest the National Institutes of Technology in India There are a large number of retail shops in Srinagar which demonstrate some of the most exquisite selections of carpets, Kashmiri shawls and handicrafts. Expensive spices like saffron and Kashmiri chilies are commonly exported from Srinagar apart from the juicy apples, figs and dry fruits. The economy of this city is majorly fueled by tourism which is enhanced by the warm hospitality of the local people. The picturesque city not only connects a tourist to other exotic parts of the state but also offers amazingly beautiful tourist spots. The place itself is idyllic ? with snowcapped mountains overlooking the blissful valley. There are plenty of lakes where tourists enjoy a peaceful Shikara ride. Gardens abundant in this city where tourists get to reconnect with nature. The Mughal Gardens, the Pari Mahal, the Betab Valley and the Shankaracharya Temple are well-known for attracting a lot of tourists. The indigenous handicrafts and embroidery work sell like hot cakes during tourist seasons. Srinagar is also considered to be the hub of handicrafts from where woolen clothing is delivered to different parts of the country.
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.