Raiganj is a small city as well as a municipality in the Indian state of West Bengal. It functions as the headquarters of the Uttar Dinajpur district. Raiganj was established 200 years ago. Some believe that the name of the place has come from the word "Rai" which refers to the character of Radha in Mahabharata. Some others say that the name is associated with the royal family of Dinajpur as their surname was Rai. However, the widely accepted opinion is that the name of the city originated from the excess of rai sorshe cultivated in the place, which is a special type of mustard. The city has around 2 lakh Bengali speaking residents. Raiganj is famous for the Raiganj Wildlife Sanctuary, or the Kulik bird sanctuary. It is a home to many Asian Openbills as well as other waterbirds. It is the largest bird sanctuary in Asia. Hence tourism is a huge source of the economy here. Raiganj doesnt have many industries, but it is a very important trading center. Daily business transactions in Raiganj shoots up to at least six crores on an average. A few places worth visiting in and around the city are the Raiganj Church, the Jain Temples, several Hindu temples, Terracotta pottery at Malgaon, 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.