Ghaziabad is a well-known city which is often called the “Gateway of Uttar Pradesh” due to its proximity to the capital city of India, New Delhi. Ghaziabad is a part of the National Capital Region and is inhabited by more than 2 million people. Wazir Ghazi-ud-din founded Ghaziabad in 1740. He named it ‘Ghaziuddinnagar’ after himself. The Mughal royal family would visit Ghaziabad for picnics, especially in the areas near the Hindon river. The Hindon river clearly divides the city into two parts – the Cis-Hindon on the east bank and the Trans-Hindon on the west. Ghaziabad is a huge and planned industrial city and it is the main educational, commercial and industrial center of Western Uttar Pradesh. Ghaziabad witnessed a gigantic industrial growth soon after independence. Steel manufacturing units were the first to be set up in the area, followed by electronic industries. Many major industrial houses quickly followed in setting up their units in and around Ghaziabad. A rapidly developing city, plenty of new job opportunities have recently opened up in Ghaziabad owing to its recent corporate boost. Many new commercial and residential projects are being set up in the city, gradually turning Ghaziabad into a real estate hub.
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.