Avadi is a residential city near Chennai in the Indian state of Tamil Nadu. It is considered to be a Special Grade Municipality of the Chennai Metropolitan Area which is soon to receive an upgrade to a Corporation. It is a developed area with around 3.5 lakh population. It is believed that the citys name is an acronym for Armoured Vehicles and Ammunition Depot of India. The lies on the banks of the huge and thriving Avadi Lake. The water from the lake is often utilized for the cultivation of farmlands and it also attracts several birds during various seasons. This advanced city has a renowned waste management system which converts solid household wastes into compost and manure. Avadis government establishment mainly drives its economy. The major military divisions in the vicinity of Avadi are the Indian Army, Indian Air Force, Indian Navy, Heavy Vehicles Factory, Combat Vehicles Research and Development Establishment, CRPF, The Ordnance Depot, Central Vehicle Depot, etc. The city is known for its plenty of Hindu temples.
In India, the SBI bank has 18,354 branches. The revenue of SBI was ?2.005 trillion (US$29 billion) in the financial year 2012?13, out of which domestic operations contributed to 95.35% of the income. As a financial inclusion initiative, the bank had launched11,300 camps and opened over 3 million accounts by September under the Pradhan Mantri Jan Dhan Yojana introduced by the Government in August 2014, which comprised 2.1 million accounts in rural areas and 1.57 million accounts in urban areas. The bank had the presence of 191 overseas offices as of 2014?15 in 36 countries marking the substantial existence in foreign markets among Indian banks. There are various foreign subsidiaries or affiliates operated by the SBI. A subsidiary was opened by the SBI bank in 1982, which now has ten branches?9 branches in the state of California and 1 in Washington, D.C. On 28 March 2011, the 10th office was opened in Fremont, California. In 1989, an offshore bank established by the SBI, SBI International (Mauritius) Ltd which later merged with the Indian Ocean International Bank. The Indian Ocean International Bank has been doing retail banking business in Mauritius since 1979.