Amritsar, historically remembered as Ramdaspur or Ambarsar, is a city in the north Indian state of Punjab. Rivers Beas and Ravi, distributaries of the great Indus River, flow through two edges of this city. It is esteemed as a holy place by the Sikh community as it hosts the famous Golden Temple. It is an extremely busy and one of the most visited shrines in India, which attracts devotees as well as visitors from India and abroad. Apart from the Golden Temple, a few other notable tourist attractions in the vicinity of the city include Jallianwala Bagh, Akal Takht and Durgiana Temple. The daily ritual at the Wagah border is also attended by thousands of visitors every day. The Ram Teerath Ashram at Amritsar is also frequented by many Hindu devotees. It is believed to be the Ashram of Maharishi Valmiki, who had written the epic of Ramayana. Tourism greatly contributes to the Amritsars economy. Several small-scale and light-engineering industries also thrive in this area. Handicrafts like carpets and fabrics as well as farm products also contribute to the economy of the city. Amritsar is a residential as well as a commercial hub. There are many exciting spots for shopping and recreation in and around the city. The delicious Punjabi cuisine is also worth mentioning at this juncture. With numerous reputed academic institutions and all the modern amenities needed for a comfortable life, Amritsar is not only the global heart of the Sikh religion but also a lovely place to live in.
In 1994, HDFC Bank was established, based in Mumbai, India. As of 31st March 2018, it has a presence of 88,253 permanent employees. Outside India, it is present in Bahrain, Hong Kong, and Dubai. The largest bank in India by market capitalization and ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands. The Union Finance Minister, Mr. Manmohan Singh inaugurated the first office of HDFC Bank. Across India, the bank had 4,715 branches and 12,260 ATMs, as of June 30, 2017. In FY 2017, 4.30 lakhs POS terminals were installed and 235.7 lakhs debit cards and 85.4 Lacs credit cards were issued. Several products and services are offered by the HDFC Bank including wholesale banking, auto loans, two wheeler loans, personal loans, treasury, retail banking, loans against property. HDFC bank also introduced various digital products such as Payzapp and Chillr. In February 2000, the HDFC Bank merged with Times Bank. It was one of the first mergers of two private banks in the new-generation private sector banks category. The HDFC Board approved the acquisition of Centurion Bank in 2008 for 95.1 billion INR which was one of the most significant mergers in India in the financial sector.