English Bazar is a city in the Malda district of the Indian state of West Bengal. It is popularly known as Malda town and has been nicknamed as the "Mango City." Malda serves as the headquarter of the eponymous district. Old Malda municipality and the, as well as the English Bazar municipality, are under the Malda municipal corporation. This is a rapidly growing city with a population of over 2 lakh people. Malda lies on the western bank of the Mahananda river. It experiences an extremely humid weather. Various colleges and universities are found in and around English Bazar. The University of Gour Banga is the largest educational institution in the area along with several other colleges like Malda College, Malda Polytechnic, Malda Medical College and Hospital, IMPS College of Engineering and Technology, etc. The city has a great connectivity to the state capital as well as to the Northeast via railway and roads. The city is known for its cultivation of mangoes and production of Mango Jelly.
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.