Vadodara is more popularly known by its earlier name Baroda. It is an important city in Gujarat. Vadodara stands third among the largest cities in Gujarat, closely following Ahmedabad and Surat. It is known for its rich cultural heritage, and hence the city has earned the name of the ?Sanskrit Nagar? or the ?Kala Nagari? (City of Arts). After the Mughals were expelled by the Marathas from Gujarat, their local lieutenants known as the Gaekwad clan settled down in Vadodara. The descendants of the royal family still remain in this city in the famous Lakshmi Vilas Palace. Fertilizers, medicines, compounds, fisheries, dairy, fiber weaves and machine gears contribute to this citys economy. Crops like rice, wheat, grams, sugarcane, yellow peas and yarn are harvested in Vadodara. The city is located on the banks of the Vishwamitri river. Vadodara experiences a semi-arid climate, with dry summers and winters and humid monsoon days. Many large-scale and heavy industries can be found in this city. Units of Indian Oil Corporation (IOCL), Indian Petrochemicals Corporation Limited (IPCL), Gujarat State Fertilizers & Chemicals (GSFC), Oil and Natural Gas Corporation (or ONGC), Gujarat Alkalis and Chemicals Limited (GACL) and Gas Authority of India Limited (GAIL) are to be found in and around the city. There are numerous educational institutions in Vadodara including the largest university in Gujarat - Maharaja Sayajirao University of Baroda.
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.