salem is a city in the South Indian state of Tamil Nadu. It is popularly known as steel city or mango city. The city has the administrative headquarter of the Salem district and is known to be the 5th largest city in Tamil Nadu in terms of area and population. The city has a municipal corporation with 72 wards headed by elected representatives. The textile industry drives the economy of the city. Salem has 125 spinning mills, weaving units, dye units and garment units which work together to ensure a flourishing textile industry. There are a few sago factories in the area, known for the production of starch. The city and its outskirts are rich in mineral ores. Some of the largest magnesite and bauxite deposits in the country are mined here. The city is known for the famous Salem Steel Plant, which is a unit of the Steel Authority of India. The Salem Steel Plant produces cold-rolled stainless steel as well as the hot-rolled stainless-carbon steel alloy. All of these together form a major part of the economy and commerce of Salem. There are many famous places of worship in the vicinity of Salem. The Kottai Mariamman Temple, Sugavaneshwarar Temple, Jama Masjid, ISKCON, Christ Church, etc. are spots that draw tourists. There are several pristine educational institutions in the region such as the Periyar University, the Government College of Engineering, etc., salem is popularly called the steel city or mango city. It is located in the Indian state of Tamil Nadu. Salem is Tamil Nadu?s 5th largest city in terms of area and population and it operates as the administrative headquarter of the Salem district. 72 wards join to make the municipal corporation of Salem and each ward is headed by an elected representative. Salem?s textile industry forms the backbone of its economy. Numerous spinning mills, weaving units, garment units and dye units work in unison to boost the textile industry of Salem. The city has a few sago factories that are known for the production of starch. Salem and the surrounding area are rich in mineral ores that support the mining of magnesite and bauxite. The famous Salem Steel Plant produces cold-rolled stainless steel and hot-rolled stainless-carbon steel alloys. It is a unit of the Steel Authority of India. These industries together boost the economy and commerce of Salem. Quite a few renowned places of worship can be found in and around Salem such as the Kottai Mariamman Temple, Sugavaneshwarar Temple, ISKCON, Jama Masjid, Christ Church, etc., salem, popularly known as steel city or mango city, is a city in the South Indian state of Tamil Nadu. Salem functions as the administrative headquarter of the Salem district. It is also the 5th largest city in the state in terms of area and population. The municipal corporation of Salem has 72 wards, each headed by an elected representative. The textile industry forms the backbone of the economy of Salem. The city has 125 spinning mills, many weaving units, dye units and garment units
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.