Background: In 1964, IDBI was set up as DFI via an Act of Parliament. In 2004, IDBI was converted into a bank. In 2005, IDBI Bank a 100% subsidiary was merged with IDBI. In 2006, IDBI acquired and merged United Western Bank. With a view to reflect its business profile, the company changed its name to IDBI Bank. The bank has a pan-India network of 973 branches, a chunk of it concentrated in metros and urban areas. The...