The Indian city of Gandhinagar is situated in the state of Gujarat. It is often referred to as the "Green city" or the "Ecopolite city." Gandhinagar is the capital of Gujarat and it lies on the bank of River Sabarmati. It functions as the administrative capital of Gujarat which was shifted to this newly built city from the city of Ahmedabad that continues to function as the commercial hub of the state. Gandhinagar is a planned city with modern architecture as the infrastructure of the city. As the state capital, it carries the entire political machinery of the state, housing all the government offices and the people employed in them. The city operates as the administrative heart of Gujarat. It is the seat of bureaucracy and thus the economy of the city is led by government employment. Recently, a thermal power plant and a software tech park have been established to promote economic development. The city houses a lot of educational institutions of great repute including the Central University of Gujarat, the National Institute of Design, Gujarat Forensic Sciences University, Gujarat National University of Law, IIT Gandhinagar, etc. Gandhinagar is known for the Akshardham temple which draws many tourists throughout the year.
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.