The city of Chittoor is also the district headquarter of the Chittoor district in the Indian state of Andhra Pradesh and thus there are many district-level government institutions in this city. Chittoor also functions as the headquarters of the Chittoor Mandal and the Chittoor revenue division. The city has a population of more than 3.5 lakh residents who majorly speak in Telugu. However, the city also houses many Tamil, Kannada and Marathi speaking people. Chittoor is located in the southernmost part of Andhra Pradesh, on the banks of River Neeva. The economy of Chittoor is predominantly run by its agro-market. The city witnesses the production and trade of mango, grain, sugarcane and peanut. Tomato farming in Chittoor contributes to over 20% of the States production of tomatoes. The other industries in the region include oilseed, poultry and milk. It is the second largest milk producing district in the state and has an expansive dairy industry. Chittoor is also known for its textile industry. Silk is weaved in 13,000 power looms, providing employment to more than 40,000 workers. The granite industry is also known for its production of black, pink and grey granites. The historical Chandragiri Fort from the 11th century is the most notable landmark near Chittoor. Ardhagiri Anjaneyaswamy temple and Swayambu Varasidhi Vinayakaswamy temple are other notable landmarks in and around Chittoor.
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.