Ranchi is the capital city of Jharkhand. This Indian city was made the the state capital when Jharkhand state was formed in 2000. Ranchi is one among the hundred cities selected to be developed as smart cities. Jharkhand has a large base for mining and industrial ores, and thus Ranchi gets a premier status in its trade and export. Since it is the capital city of the state, Ranchi has the civic administration which employs a host of the citys residents. The lush green forests cover the region which hosts numerous waterfalls - Hudru, Jonha, Dassam, Hirni, Panchghagh are few to name. Thus Ranchi is often called the "city of waterfalls." The city is rich in mineral resources which drive the economy of the city. The major industrial sectors that dot its landscape include mining, engineering, furniture, paper, rayon, etc. which are further developed by public and private sector industries such as Central Coalfields, Heavy Engineering Corporation, SAIL, Marine Diesel Engine Project, etc. The educational hub in the city is led by institutions like the Ranchi University, IIM, NIFFT, XISS, etc. For a tourist or visitor, Ranchi offers a plethora of attractions which include its famous waterfalls as well as places like Gonda hills rock garden, Jaggannathpur temple, Nakshatra Van, etc.
The Punjab and Sind Bank was established in the year 1908 with an idea to uplift the weaker section with the far-sighted vision of luminaries like Sir Sunder Singh Majitha, Bhai Vir Singh, and Sardar Tarlochan Singh. They enjoyed the highest respect from the people of Punjab. A Punjab & Sind Bank branch was established in London in the 1960s. In 1991, the Bank of Baroda acquired the Punjab & Sind Banks London branch on the request of the RBI based on the Punjab & Sinds involvement in the Sethia fraud. The Bank confirmed to have a network of 920 branches or extension counters and 63 ATMs spread across the country as of July 31, 2010. Notably, they have 49 specialized departments, out of the 920 offices. The Punjab & Sind Bank was established to support the weaker section of the society with the vision of social commitment in the course of economic endeavors for raising their standard of life. In particular, Punjab & Sind Bank reached among the six banks that where nationalized by the Government of India during the second wave of nationalizations on 15 April 1980. ICICI Bank has tied up with Punjab and Sind Bank for offering the state of art technology to the cardholders for competing with the other competitors in the banking industry.