Yamunanagar is a municipal corporation in the eponymous district of the Indian state of Haryana. The river Yamuna runs through the city and thats how the city has got its name. The town is popular for its cluster of plywood units, which provides Indias finest timber to even larger industries. The old town of Yamunanagar is called Jagadhri. The Jagadhri railway station is situated in Yamunanagar and it services the city. Yamunanagar used to be a green, clean and prosperous industrial city which has recently developed severe pollution problems. The city is rapidly developing, with the inauguration of many multiplexes and various high-end brand stores. The city has nearly 4 lakh residents who speak in Hindi, Pwadhi, Punjabi and Haryanvi. The Ballarpur Industries Limited at Yamunanagar is the countrys largest manufacturer of writing and printing paper. The city manufactures paper and sugar machinery and other equipment for petrochemical plants, that are shipped to various other refineries across the country. The city is known for its plywood industry, which runs on the easily accessible raw material ? poplar tree. Yamunanagar has one of Indias biggest railway carriage and wagon repair workshops. Reliance has recently installed a Thermal Power Station in the town.
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.