Bhatpara is a city in the Barrackpore subdivision of the Indian state of West Bengal. It is a municipality situated in the North 24 Parganas district. It is included in the Kolkata Metropolitan Development Area or KMDA. The place is known for its rich culture and traditions, especially in the field of Sanskrit learning. The name Bhatpara has been derived from its the ancient name "Bhatta-Palli," where Bhatta refers to the sect of Brahmins who were Sanskrit scholars and Palli refers to locality or village. Nestled on the banks of Hooghly river, this city is known to be house a lot of jute processing plants. Bhatpara was known for its Sanskrit education and most of the schools and colleges in the vicinity of the city offer courses in Sankskrit. It is mostly a residential city with most of its residents working in various service sectors of the KMDA 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.