Hospet, officially renamed as Hospete, is also known as Nagalapura. It is a heritage city in the Indian state of Karnataka. The city has flourished on the banks of the Thungabadra. Hospet was built by Krishnadevaraya of the Vijayanagar Dynasty in 1520 AD in the memory of his mother, Nagalambika. The people here are employed majorly in the cultivation of Ragi and other crops as agriculture is the main source of economy of this city. The administrative infrastructure of the city is done through its division into 23 wards that are serviced by elected representatives. Hospete has many educational institutions like Hampi University besides several other schools and colleges. Hospete is the gateway to Hampi, the famous UNESCO World Heritage site. Hospete is well-known as a tourist destination for its innumerable temples, forts and picturesque views which attract visitors from India and abroad. The Hampi Stone Chariot, Nandanavana Park, Virupaksha Temple, Shri Ramulu Park, Chakra Vana, Queens Bath, the Tungabhadra dam, etc. are places worth visiting in Hospet.
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.