The city of Bhusawal is also a municipal council in the Jalgaon district of the Indian state of Maharashtra. Situated near River Tapi, Bhusawal is the second largest town in the district. The city lies very near to the great and famous Ajanta Caves. Major industrial facilities at Bhusawal include the Bhusawal Thermal Power Station, two Ordnance Factories, Orient Cement Grinding Unit, a depot of Indian Oil Corporation Limited, Electricity Locomotive Workshop, etc. Bhusawal is known for its cultivation of bananas. Traders buy raw bananas from Bhusawal and export them across the world. This city is also known for the production of its special white brinjals that are grown locally. Bhusawal Junction railway station is a divisional headquarters of Central Railway and has good rail services. The population of this city is within a lakh and the residents mostly speak in Marathi.
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.