Pimpri-Chinchwad, the twin city of Pune, is an industrial city in the Indian state of Maharashtra. The city witnessed rapid industrialization in the 1960s which developed the city into an industrial zone. Hindustan Antibiotics Limited or HAL, a public sector drug manufacturing company run by the Indian government, was the first one to set up at Pimpri-Chinchwad in 1954, giving a great start to the industrial development of the city. This city is often referred to as the "Detroit of the East" owing to its large number of industrial units that have crossed 4000 in number. This city has factories of TATA Motors, Mahindra, Bajaj Auto and many more. Various other automobile companies have set up their manufacturing units in Pimpri-Chinchwad. There are many other small as well as large-scale companies and heavy industries in the area that have opened up innumerable job opportunities in this city. The place that was earlier home to Marathi families found a lot of multi-ethnic and multi-lingual people from all over the country migrating to Pimpri-Chinchwad in search of employment. Schools, colleges, healthcare and entertainment facilities have opened up to support the lifestyle of the citys growing population. The city is well connected to Pune and other neighboring suburbs and is eagerly awaiting the Pune-Pimpri-Chinchwad Metro services expected to be operational in 2021.
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.