Katihar is situated in the eastern regions of the Indian state of Bihar. It functions as the regional headquarter of the Katihar district. It is known all over the eastern part of India for being a highly strategic railway junction. This city belonged to the Purnia district earlier. It is a part of the Mithila region. Katihar has a widespread railway network which connects the city to every other part of the country. It is known for its connectivity to the nooks and corners of the North East via railway and hence it is sometimes called "The Gateway of North-East." The city is located in the interior of Bihar and does not have a good network of roads. Katihar has many renowned educational institutions. Schools like Kendriya Vidyalaya, Ramakrishna Mission and Jawahar Navodaya Vidyalaya have their branches in the city. Quite a few well-known colleges in Katihar offer courses in medical sciences, technology. law and other disciplines. The city has a special inclination towards Movies and Sports. There are many movie theatres and open grounds to support these passions of the residents. The railway junction, which is connected to six different lines, is the main revenue generator for this city. Katihar is also a commercial city with plenty of shops, showrooms and restaurants.
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.