Ambattur is situated in the Ambattur taluk near Chennai, in the Indian state of Tamil Nadu. It is a fast developing city that hosts residential localities as well as manufacturing units. Ambattur was earlier a village with large expanses of agricultural farmlands irrigated by the Ambattur Lake. The Ambattur industrial estate established in 1964, increased the growth and development of the region. Ambattur falls under the Sriperumbudur parliamentary constituency. It has more than half a million residents and the city is organized into 52 wards for able administration. There are three major waterbodies in Ambattur - the Ambattur Eri, the Puzhal Eri and the Chithu Oragadam Lake. Problems such as dumping of garbage, sewage, water mining and construction of buildings have severely threatened the upkeep of these water resources. The industrial units drive the economy of Ambattur. It was a renowned auto ancillary hub which was joined by many IT companies in the late 2000s. The city has several manufacturing units of military tanks, textile industries, railway concrete sleepers, etc. IT companies such as MilesTs, Dell, Tata Consultancy Services, HCL Technologies, etc. have their development centers in Ambattur. A variety of birds reside in and around Ambattur; several woodland birds and water birds visit the region.
The Central Bank of India was found on 21st December 1911. Its head office is in Mumbai. The stocks of the bank are listed on Bombay Stock Exchange and National Stock Exchange in India. In 1938, the Barclays bank acquired the Central Bank Exchange of India. In 1963, Central Bank of Indias operations in Burma was nationalized by the government of Burma, and it became Peoples Bank No. 1. In 1969, the Central Bank was nationalized by the Indian Government on 19 July, together with 13 others.In the year 1980, Central Bank of India was one of the first banks in India to issue credit cards in collaboration with MasterCard. For the year ended 2013, Central Bank of India announces that the total business of Rs. 402000 Cr and the net profit of Rs. 1015 Cr. A new CMD, Mr. Rajiv Rishi was appointed by the Central Bank of India on 1 August 2013, who was previously ED of Indian Bank and General Manager of OBC. On 1 November 2013, the bank opened its second representative office in Hong Kong.