The city of Sikar is located in between Agra and Bikaner in the Indian state of Rajasthan. It functions as the administrative headquarter of the Sikar District. It is known to be a historical city which contains many ancient architectural grandeur. The city is renowned for its art and culture. It had been the biggest Thikana or estate of the Jaipur state and was earlier was known by the name of Nehrawati. The historical city is surrounded by fortified walls that contain seven ?Pols? or gates. The primitive name of this city was ?Beer BhanKa Bass." The city experiences a semi-arid climate and hosts around 2.4 lakh residents. The city of Sikar is divided into 45 wards in order to ensure effective governance. The city is strongly connected to the rest of the country via roads and railway. Agriculture and animal husbandry are the main occupations in Sikar but the city has scope for industrial development in the future.
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.