The Indian city of Burhanpur is a historical city located in the Nimar region of Madhya Pradesh. It functions as the administrative hub of Burhanpur District. It is situated on the bank of River Tapti. Historical excavations have revealed that the Rashtrakuta Dynasty had ruled over the area during 753?982 AD. In 1388, the Faruqi dynasty Sultan Malik Nasir Khan discovered Burhanpur, made it the capital of the Khandesh sultanate and named it after a medieval Sufi saint called Burhan-ud-Din. During the reign of the Faruqi dynasty, the city got transformed into a major center for textile production and trade. The place was later annexed into the Mughal Empire in 1601 by Emperor Akbar. Burhanpur is known for its textile industry as it is the largest center for the power loom industry in Madhya Pradesh. Over 300 companies that deal in interlining cloth and other types of fabric are based in this city. Balaji has its units for manufacturing pipes and agricultural equipment in Burhanpur. Additionally, there are many cotton and oil mills in the city. Burhanpur is also the largest producer of banana in Madhya Pradesh. Burhanpur is well-known for its thriving tourism industry. Apart from the scenic views, the city offers several beautiful spots for tourism such as Asirgarh Fort, Shahi Qila, Dargah-e-Hakimi, Swami Narayan Temple, etc.
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.