Raebareli is a city as well as a municipal board that functions as the administrative headquarter of the Raebareli district in Uttar Pradesh. The city is situated on the bank of the Sai river, The city has many architectural wonders and sites, chief among which is a strong and spacious fort. The city is a part of the Gangetic alluvial plain. The mineral of importance in this area is kankar. Deposits of reh and brick earth are also found in the nearby areas. The Rae Bareli district is under the Lucknow division of the state. The city is divided into 15 blocks to ensure effective management and civic governance. Raebareli has quite a few educational institutions of great repute such as campuses of Kendriya Vidyalaya, AIIMS, NIFT, etc. The Indira Gandhi Rashtriya Uran Akademi is an institute located in Raebareli that trains pilots. There are around 2 lakh residents in this city who speak in Hindi.
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.