Meerut is a thriving city in the Indian state of Uttar Pradesh. It is the second largest urban agglomerate in the National Capital Region with nearly 1.5 million residents. It lies between the plains of the Ganga and the Yamuna. The city is known to be the largest manufacturer of sports equipment and musical instruments. Meerut was considered to be among the ancient cities of Hastinapur, the capital of the Kaurava and the Pandava kingdoms as mentioned in the Hindu epic Mahabharata. The city dates back to the ancient Indus Valley civilization. Meerut is divided into 80 wards for administration, which are represented by elected corporators. Meeruts economy is principally based on manufacturing industries. Apart from sports and musical instruments, the city also has textile, sugar, distillery, chemical, paper, publishing and handloom industries. Meerut is known for its gold market, which is one of the largest jewelry markets in Asia. Over 25,000 skilled craftsmen are employed in this market, who process around 60 kilograms of the gold in a day. Meerut also has many educational institutes like Sardar Vallabhbhai Patel University of Agriculture and Technology, Swami Vivekanand Subharti University and Shobhit University. Notable places to visit when traveling to Meerut include Amarnath Mandir, Gandhi Bagh, Basilica of Our Lady of Graces and Hastinapur Wildlife Sanctuary. The city has top-notch infrastructure as it is well connected to all the important cities in North India. Meerut is just 70 kilometers away from the country capital New Delhi. This proximity serves as a boon for Meerut as the connectivity ensures a citys economic welfare.
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.