Jalgaon is a small and developing city in western India, located in the state of Maharashtra. It is also known as Khandesh and the Girna River flows through the city. Jalgaon serves as the administrative headquarters of the Jalgaon district with almost half a million residents and a separate a municipal corporation. This city is known for its banana cultivation as it produces more than 16% of the countrys bananas, which adds up to 3% of the worlds total banana production. There are a few prestigious academic institutions in Jalgaon. The North Maharashtra University established in August 1989, the Government Polytechnic Jalgaon established in 1960 and the Government College of Engineering established in 1996 ensure a sound education to the young minds of this city. Tourism fairly contributes to the citys economy as there are plentiful temples in and around Jalgaon that attract a lot of Hindu devotees. Apart from the temples, the Gandhi Teerth Museum and the Mehrun Lake are popular places of tourist attraction.
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.