The Indian city of Gandhinagar is situated in the state of Gujarat. It is often referred to as the "Green city" or the "Ecopolite city." Gandhinagar is the capital of Gujarat and it lies on the bank of River Sabarmati. It functions as the administrative capital of Gujarat which was shifted to this newly built city from the city of Ahmedabad that continues to function as the commercial hub of the state. Gandhinagar is a planned city with modern architecture as the infrastructure of the city. As the state capital, it carries the entire political machinery of the state, housing all the government offices and the people employed in them. The city operates as the administrative heart of Gujarat. It is the seat of bureaucracy and thus the economy of the city is led by government employment. Recently, a thermal power plant and a software tech park have been established to promote economic development. The city houses a lot of educational institutions of great repute including the Central University of Gujarat, the National Institute of Design, Gujarat Forensic Sciences University, Gujarat National University of Law, IIT Gandhinagar, etc. Gandhinagar is known for the Akshardham temple which draws many tourists throughout the year.
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.