Haldia is an industrial city as well as a port city in the Indian state of West Bengal. It is located in the Purba Medinipur district. Haldia has a major river port and an industrial belt, situated at a distance of more than 100 kilometers from Kolkata, near the mouth of the Hooghly River. The Haldi River, an offshoot of Ganges, borders the Haldia Township. Haldia is a center for the petrochemical industry and is being improved into a major trade port for Kolkata. The city has around 2 lakh residents, mostly employed in the industrial sector. Haldia has numerous factories such as South Asian Petrochemicals Ltd, Exide, Indian Oil Corporation Limited, Tata Chemicals, India Power Corporation Ltd., Haldia Petrochemicals, Mitsubishi Chemical Corporations, Hindustan Lever, etc. in addition to several light industries. Apart from being well connected to the rest of the country via railway and road, Haldia is also connected via waterway. The National Waterway 1 is a 1620 km long inland waterway. It connects Haldia to Allahabad and runs across the Ganges, the Bhagirathi river and the Hooghly river systems. Haldia has a mini Japanese township called Sataku. A Japanese community lives in the area, whose residents work as engineers and top executives in the Mitsubishi Chemical Corporations purified terephthalic acid plant in Haldia.
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.