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.
Corporation Bank was started about 111 years ago in 1906, with an initial capital amount of just Rs.5000/-. The bank has recorded Rs. 3,03,185 Crore mark in business, with more than 9900 service outlets across the nation, served by committed and dedicated over 19,000 Corp Bankers. The evidence of its growth can be seen in its financial performance and enviable track record. The prominent reason for bank celebration is empowering the rural and urban population together by being able to participate in nation building. Today, the Corporation Bank is the significant contributor to the growth of the countrys economy. After getting nationalized in 1980, the Corporation Bank evolved and adapted to the financial sector reforms. It became the Second Public Sector Bank in the country to enter capital market, the IPO of which was oversubscribed by more than thirteen times. The Bank took many initiatives in credit services such as Cash Management Services, m-Commerce, " Online " approvals for Educational loans, 100% CBS Compliance and more recently, the bank made an effort in taking the technology to remotest villages through low-cost branchless banking or Business Correspondent model.