The city of Kadapa was earlier known as Cuddapah. Situated in the Rayalaseema region of the Indian state of Andhra Pradesh, Kadapa is often referred to as the "Heart of Rayalaseema." Located near the Pedda River, Kadapa functions as the district headquarters of Kadapa district. The Nallamala and Palkonda Hills surround the city. Kadapa is known for its black and red ferrous soils. The city has been ruled by various dynasties such as the Nizams, the Cholas, the Vijayanagara Empire and even the Kingdom of Mysore. Kadapa is also known for its delectable cuisine belonging to the Rayalaseema food culture. The economy of Kadapa is largely fuelled by agriculture and mining. The residents of this region are mostly employed in Government jobs and Private sector jobs. Quite a few residents are involved in businesses and the hospitality industry. The area is known for its educational institutions such as Hyderabad Public School, Rajiv Gandhi Institute of Medical Sciences, KSRM College of Engineering, Yogi Vemana University, etc. The city is well connected to all nearby cities through roads and railways. It also houses an airport,
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.