Muzaffarnagar is a city as well as a municipal council in the Indian state of Uttar Pradesh. It is a part of the National Capital Region. It lies in the Doab region of Indo-Gangetic Plain. A Mughal Commander by the name of Sayyid Muzaffar Khan founded the city near the ancient town of Sarwat in 1633 during the reign of Shah Jahan. The native language of the city is Khari Boli, which is a prestigious dialect of Hindi. It resembles the Haryanvi dialect of Hindi. The economy of Muzaffarnagar depends upon the sugar and jaggery production. The farming activities in the area are focussed on jaggery and the city boasts of its huge jaggery trading business. There are eight sugar mills in the district of Muzaffarnagar. Apart from sugar and jaggery, Muzaffarnagar is also known for its production of steel and paper. The famous Shiv Chowk at the center of the city attracts many devotees of Lord Shiva during the Maha Shivratri ceremony every year. The city is known for its delectable cuisine, especially the chaats and sweets like "ghevar" are wildly craved for.
Under the Companies Act of 1913, South Indian Bank was registered as a Private Limited Company and started operations on 29th January 1929 at Round South, Thrissur. South Indian Bank Limited is based at Thrissur in Kerala, India. It has 852 branches, four service branches,56 extension counters, and 20 Regional Offices spread across the states and union territories of India. Under Financial Inclusion till date, the bank has covered more than 100 villages and 15 urban centers and opened more than ten exclusive FLC Centres in the bank premises, which spreads across the states of Kerala, Andhra Pradesh, Tamil Nadu, and Chhattisgarh. SIB has appointed direct Business Correspondents in the allocated rural areas under the supervision of a team of officers in the FIP Cell - Head Office. Recently "KIOSK Banking Model" is introduced by the bank as Financial Inclusion Initiative in collaboration with Akshaya e-centres in Kerala state through the software service provider - M/s Tata Consultancy services. The kiosk is a kind of banking model for people who are living in areas where banking facilities are not available so that they can avail necessary banking facilities from a nearby service center or Business Correspondent Office without visiting a regular bank branch. Basic banking needs of the public like the opening of an account, deposit and withdrawal of cash, etc. can be availed from these common service center/BC Office.