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.
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.