North Dumdum is a thriving city in the Indian state of West Bengal. It is a municipality in the Barrackpore subdivision of the North 24 Parganas district and consists of localities like Nimta, Birati and parts of Rajarhat. The North Dumdum municipality was established in 1870. During the partition of Bengal in 1947, numerous refugees had migrated to this region from former East Pakistan. Initially, the bulk of refugees were mostly non-agriculturists and they made some vocational arrangements of their own by taking to squatting. They indulged in the forcible occupation of barracks and collectively took-over the private and government lands. By the year 1949, several refugee colonies had emerged in the area. Within very less time, these squatters not only found places to stay but also developed a properly functioning society with markets, schools, temples and eventually built colleges, hospitals and recreational centers. North Dumdum has over 2.5 lakh residents now. It houses the Netaji Subhash Chandra Bose International Airport, which is the only international airport in the state. This area comes under the Kolkata Metropolitan Area and most of its residents work in the various service sectors of the neighboring metro city.
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.