Ghaziabad is a well-known city which is often called the “Gateway of Uttar Pradesh” due to its proximity to the capital city of India, New Delhi. Ghaziabad is a part of the National Capital Region and is inhabited by more than 2 million people. Wazir Ghazi-ud-din founded Ghaziabad in 1740. He named it ‘Ghaziuddinnagar’ after himself. The Mughal royal family would visit Ghaziabad for picnics, especially in the areas near the Hindon river. The Hindon river clearly divides the city into two parts – the Cis-Hindon on the east bank and the Trans-Hindon on the west. Ghaziabad is a huge and planned industrial city and it is the main educational, commercial and industrial center of Western Uttar Pradesh. Ghaziabad witnessed a gigantic industrial growth soon after independence. Steel manufacturing units were the first to be set up in the area, followed by electronic industries. Many major industrial houses quickly followed in setting up their units in and around Ghaziabad. A rapidly developing city, plenty of new job opportunities have recently opened up in Ghaziabad owing to its recent corporate boost. Many new commercial and residential projects are being set up in the city, gradually turning Ghaziabad into a real estate hub.
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.