Udaipur is popularly known as the "City of Lakes." It is a major city in the Indian state of Rajasthan, which serves as the administrative headquarters of the Udaipur district. It was founded by the Rajput ruler Maharana Udai Singh II in 1559 and was the capital of the historic kingdom of Mewar in the earlier Rajputana Agency. The British annexed it into their territory as a princely state in 1818. The region became a part of Rajasthan after independence in 1947. The scenic city is surrounded by the Aravali Range, which separates it from the Thar Desert. Udaipur is a popular tourist destination. It is known for its ancient history, culture, spectacular locations and the palaces of the Rajput-era. It has a sophisticated lake system which earned it the nickname of the "City of Lakes." There are five the major lakes in and around the city. Udaipur is extremely popular for its huge historic forts, marvelous palaces, verdurous gardens, architectural temples, ancient structures, colorful festivals, traditional fairs, historical museums and galleries. Tourism primarily fuels the economy of Udaipur. However, smaller industries such as marble processing, chemical manufacturing, minerals, electronic manufacturing and the handicraft industry are also great contributors to the citys economy. A few popular tourist destinations in and around Udaipur are the renowned Jain Temple at Ranakpur, Chittorgarh, Mount Abu, Udaisagar Lake, Haldighati, Kumbhalgarh Wildlife Sanctuary, 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.