suryapet is the headquarter of the Suryapet district in Telangana. The Government of India had announced Suryapet to be developed under the AMRUT scheme or the Atal Mission for Rejuvenation and Urban Transformation scheme. In Swachh Survekshan 2017, the Ministry of Urban Development awarded the title of the "Cleanest city" in South India to Suryapet. The city has direct connectivity via four-lane express highway to Hyderabad and to Vijayawada. National Highway 65 passes through Suryapet. It is often called the "Gateway of Telangana." The city was earlier known as Bhanupuri but has been modernized into the name Suryapet. The area has been ruled by the Chalukyas, the Kakatiyas and the Nizams of Hyderabad. The city has more than 1 lakh residents. Telugu and Urdu are the most commonly used language in Suryapet. The city has ample government schools to impart primary and secondary school education. The city has quite a few aided and private schools and colleges. It is well connected to the nearby areas through railway and road transport.
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.