Kulti is a neighborhood in Asansol in the Indian state of West Bengal. It is situated in the Asansol Sadar subdivision of the Paschim Bardhaman district. The city of Kulti lies between two great rivers ? the Damodar and the Ajay. The rivers run parallelly with the city in between, and the area is composed of undulating laterite soil. Kulti was a small village earlier but it underwent major development when the IISCO plant was set up in the area. Kulti had India?s first blast furnace that operated in the plant at Burnpur from 1875 to the 1950s. Steel was manufactured for the first time in India in open hearth furnaces in 1904 at Kulti. Spun pipes were made for the first time in India at Kulti. Kulti is an industrial township with most of its residents employed in the industrial belt in and around the city. There are a few places worth visiting nearby such as Maithon Dam, Panchet Dam, Bakreshwar, Bishnupur and Tagores Shantiniketan.
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.