Ambala is a city as well as a municipal corporation located in the district of the same name within the Indian state of Haryana. The city forms the border of Haryana and Punjab and lies close to the state capital Chandigarh. Ambala consists of two sub-areas - the Ambala Cantonment area and the Ambala City are, that are less than a kilometer apart. The twin city has a large base of Indian Army and Indian Air Force within its cantonment area. This city separates the Ganges network from the Indus network and the rivers Ghaggar and Tangri surround it. Ambala plays a pivotal role in local tourism, connecting tourists to Chandigarh, Shimla, New Delhi and Amritsar. Gurudwara Manji Sahib, situated within the city, is a place worth visiting in Ambala. The economy of the city is fuelled by its "Cloth Market" which draws shoppers from surrounding areas. It has a dense cluster of at least 1000 wholesale shops that sell a wide range of cloth items like hand-loom textiles, silk, various kinds of sarees, suitings, shirtings as well as dress material of all types. This market is considered to be the largest cloth trading market in Asia. Most of the residents of Ambala are employed in this business.
The IDBI Bank Ltd provides personalized banking and financial solutions to its customers in the retail and corporate sector via the network of branches, ATMs and internet banking. Core IT banking platform drives the operations of IDBI. Under the Parliament Act, IDBI Bank was constituted in 1964 as a wholly-owned subsidiary of the RBI. In 1976, GOI took the ownership of IDBI, and it was regarded as the public financial institution in the finance and development industry. In July 1995, the government holding in the bank shares came down from 100% to 75% due to the public issue of IDBI. In the year 2004, the IDBI was transformed into the bank from DFI. IDBI obtained the status of a limited company under Transfer of Undertaking and Repeal Act, 2003 (Repeal Act). The scheduled bank status was given to IDBI Bank by the Reserve Bank of India under the RBI Act, 1934. Consequently, the IDBI formally entered into the banking business as IDBI Ltd. The United Western Bank Ltd was with IDBI Ltd in 2006, under the provisions of section 45 of Banking Regulation Act, 1949. In the year 2008, the name of the bank was changed from IDBI Ltd to IDBI Bank Ltd, and a fresh certificate of incorporation was issued.