Rajkot is the fourth largest urban agglomeration situated in the West Indian state of Gujarat. The Aji River and Nyari River flow alongside this city. Rajkot functions as the administrative headquarters of the Rajkot District. It has a distinguished place in history for being the hometown of Mohandas Karamchand Gandhi. In the year 2013, Rajkot was recognized for being the city with the best law and order in the country. It also qualifies as one of the cleanest cities in India. The city is segregated into 29 wards that are led by elected representatives and counselors. The economy of Rajkot is chiefly based on small-scale industries with many manufacturing plants and units working on diesel engines, machine tools, kitchen knives and other cutting appliances, etc. Stock trading has gained popularity in Meerut since the 90s. Even the software sector is gradually picking up speed and striving to contribute to Rajkots economy and employment. The city is also well-known for art and jewelry design. There are many renowned educational institutions in this city. Tourists visiting Rajkot have various places to explore in the city. Shri Ramakrishna Ashrama, Rotary Dolls Museum, Saurashtra Cricket Association Stadium, ISKCON Rajkot, Sri Sri Radha Neelmadhav Dham, Aji Dam Garden, etc. are a few places worth visiting.
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.