Ambattur is situated in the Ambattur taluk near Chennai, in the Indian state of Tamil Nadu. It is a fast developing city that hosts residential localities as well as manufacturing units. Ambattur was earlier a village with large expanses of agricultural farmlands irrigated by the Ambattur Lake. The Ambattur industrial estate established in 1964, increased the growth and development of the region. Ambattur falls under the Sriperumbudur parliamentary constituency. It has more than half a million residents and the city is organized into 52 wards for able administration. There are three major waterbodies in Ambattur - the Ambattur Eri, the Puzhal Eri and the Chithu Oragadam Lake. Problems such as dumping of garbage, sewage, water mining and construction of buildings have severely threatened the upkeep of these water resources. The industrial units drive the economy of Ambattur. It was a renowned auto ancillary hub which was joined by many IT companies in the late 2000s. The city has several manufacturing units of military tanks, textile industries, railway concrete sleepers, etc. IT companies such as MilesTs, Dell, Tata Consultancy Services, HCL Technologies, etc. have their development centers in Ambattur. A variety of birds reside in and around Ambattur; several woodland birds and water birds visit the region.
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.