The city of Bidar is also known as The Crown of Karnataka. Located atop a small hill in the north-eastern regions of Karnataka, this city borders Maharashtra and Telangana state. It is a rapidly urbanizing city, well known for its architectural, historical and religious importance. The 500 years old Bidar fort still stands strongly, picturesquely perched on the Deccan plateau. There are more than 30 tombs spread across Bidar city, which has earned it the nickname of the "City of Whispering Monuments." Several heritage sites in and around this city have become a dominant attraction for film shooting recently. Bidar hosts the second biggest Indian Air Force training center in India. The IAF Station at Bidar gives advanced jet training to prospective fighter pilots. Bidar is known for its cottage industries like cotton and oil-ginning mills, that work on local raw materials and employ local skills. Bidri ware, a well-known form of local handicraft, was once highly popular in this region but is gradually declining. The city is famous for its large industrial area, known as the Kolhar industrial area, which houses several successful pharma companies such as Sai Life Sciences, vivimed, corvine pharma, shreegen pharma, shreevan chemicals, santho carrels pharma, etc. Bidar is known for its highly successful tourism industry that single-handedly fuels a majority of the citys economy.
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.