Parbhani is a city in the Indian state of Maharashtra. It functions as the administrative headquarters of Parbhani District situated in the Marathwada region of the state. Parbhani was earlier a part of the Nizam State and was later passed on to the Hyderabad State. When the Indian states were reorganized in 1956, Parbhani became a part of the then Bombay state. It was included within the boundaries of Maharashtra in 1960. The famous Vasantrao Naik Marathwada Agricultural University is located in Parbhani. In ancient times, the city was known by the name "Prabhavati Nagari," named after a massive temple of Goddess Prabhavati in the area. The present name of the city is a distorted form of Prabhavati. Parbhani has around 3 lakh residents and has been recognized as one of the cleanest cities in Maharashtra. Parbhani is located in the Godavari Valley, and hence the citys soil is very fertile as well as rich in nutrients. The economy of Parbhani is largely fuelled by agriculture and agribusiness. Parbhani is well connected to the neighboring areas and also offers all modern amenities to its residents. An annual festival is organized at Hazrat Turabul Haq Dargah in Parbhani, which attracts lakhs of tourists each 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.