Patiala is situated in the Indian state of Punjab. It is the administrative capital of Patiala District. The administration of the city is done through 57 wards which are administered by an elected representative. The city is located around the Qila Mubarak or the Fortunate Castle which was constructed in 1763 by the chieftain of the royal dynasty of the Patiala State, Baba Ala Singh. Patiala is the fourth largest city in Punjab and it houses the National Institute of Sports. Patiala was traditionally an agriculture-based economy. However, the city has now become home to plenty of manufacturing units that produce goods like cutting tools, power cables, etc. Some reputed educational institutions and universities in this city include the Thapar University, the Punjabi University, the Rajiv Gandhi National University of Law, the Netaji Subhash National Institute of Sports, the Government Medical College, etc. Patiala?s vintage location has led to the development of various tourist spots such as the Bahadurgarh Fort, Mubarak complex, the Gurdwara Dukh Niwaran Sahib, the Gurdwara Moti Bagh Sahib, Maa Kali Devi Mandir, QilaSheesh Mahal, Baradari Gardens, etc.
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.