Yamunanagar is a municipal corporation in the eponymous district of the Indian state of Haryana. The river Yamuna runs through the city and thats how the city has got its name. The town is popular for its cluster of plywood units, which provides Indias finest timber to even larger industries. The old town of Yamunanagar is called Jagadhri. The Jagadhri railway station is situated in Yamunanagar and it services the city. Yamunanagar used to be a green, clean and prosperous industrial city which has recently developed severe pollution problems. The city is rapidly developing, with the inauguration of many multiplexes and various high-end brand stores. The city has nearly 4 lakh residents who speak in Hindi, Pwadhi, Punjabi and Haryanvi. The Ballarpur Industries Limited at Yamunanagar is the countrys largest manufacturer of writing and printing paper. The city manufactures paper and sugar machinery and other equipment for petrochemical plants, that are shipped to various other refineries across the country. The city is known for its plywood industry, which runs on the easily accessible raw material ? poplar tree. Yamunanagar has one of Indias biggest railway carriage and wagon repair workshops. Reliance has recently installed a Thermal Power Station in the town.
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.