Jalna is a growing city in the Jalna district of the Aurangabad or Marathwada Division in the Indian state of Maharashtra. It was earlier a part of the Hyderabad State as a tehsil of the Aurangabad district before Jalna district was formed and included within the territorial boundaries of Maharashtra on 1 May 1981. The city lies beside the Kundalika River, with a population of around 3 lakh people. Indias first cotton-ginning and oil-pressing factories were established in Jalna in the year 1863 by Mr. Pestonji Meherwanji. Most of the residents of Jalna are employed in these factories. The city is connected to the rest of the country via roads and railway.
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.