Malegaon is a small city in the Nashik District of the Indian state of Maharashtra. It was previously known as Mulligaum and it lies at the convergence of the Mausam and Girna rivers. The city is known for its famous fort. The Malegaon fort, which took 25 years to build, attracted a lot of Muslim workers and artisans from all over the country, who settled in the area. Later, many people from the Muslim community migrated to this city during various revolts and uprisings in the country. The city has roughly 6 lakh residents, among which 79% follow Islam as their religion. The city is a major hub for cloth weaving. The city has over 3 lakh power looms and t attracts workers from all the neighboring regions. PVC pipe manufacturing industry has also gained importance in Malegaon in the recent years. The citys education system supports native language Marathi as well as Urdu and English through many institutions. There are a few schools in the area, alongside junior colleges and senior colleges that are affiliated to the Pune University. The students seeking higher education generally travel to nearby cities. Malegaon is known for its notorious spoof film industry called Mollywood, which makes parodies and spoofs of classic Hollywood and Bollywood films. Its an extremely low budget film industry where most of the actors are the residents exhibiting their talents and their imaginative minds.
Vaman Kudva, T M A Pai, Upendra Pai worked together to set up the Syndicate bank in 1925. As time passed, 20 banks joined with the Syndicate Bank Limited along with Southern India Apex Bank Limited and Maharashtra Apex Bank Limited. In 1964, the name of the bank was changed to Syndicate Bank Limited, and the corporate office was moved to Manipal. The bank extended its business not only on the national land but overseas too. It opened a branch in London and managed to incorporate Musandam Exchange Co. in Muscat and National Exchange Co. in Doha. At Hauz Khas, Delhi, it had opened its 1000th office in 1978. The bank has more than 3500 branches currently, and all offices are providing core banking-e-banking services under anywhere-anytime-anyhow banking mission. It has been conferred "Best Bank Award" by Sri Jairam Ramesh, Honble Minister for Rural Development, Government of India In the RSETI movement. The Bank had also been awarded by State forum of Bankers Club, Kerala, "Banking Excellence Award 2013" for being the second best public Bank in overall performance. During Synd LIC Saptah (2 to 7 December 2013), the Bank has been awarded for Record-Breaking Performance by marketing 15119 policies, during a week by Life Insurance Corporation of India.