Cuttack is the commercial capital as well as the second largest city in the Indian state of Odisha. The city center is situated between the Mahanadi river and the Kathajodi river. The city is developing and expanding constantly. Odishas high court is located Cuttack, making it the judicial capital of the state. Cuttack city is divided into 54 administrative wards headed by an elected representative. The economy of the city was traditionally fuelled by trade facilitated by strong textile industry. Currently there are many large-scale industries of the steel, power, automobile and alloys which contribute to the economy as well as cater to the employment needs of the city. Cuttack is soon growing into a hub for the IT and BPO sectors. SEZs or Special Economic Zones are being established in the area to attract a good number of players in the software sector. Cuttack is home to the Barabati stadium which hosts a lot of international cricket matches. The educational infrastructure in the city is strong with the presence of noted institutions like Ravenshaw University, IMIT, IITM, NLU, Cuttack college, Netaji city college, etc. Tourists visiting Cuttack can roam around places of interest like the Barbati fort, the Maritime Museum, the Netaji museum, the Freedom fighters memorial, etc. Cuttack also hosts a lot of pilgrimages for both Hindu and Muslim devotees.
The Axis Bank has 14,000 ATMs, nine international offices, and 3,304 branches. The head office of Axis Bank is in Mumbai and registered office in Ahmedabad. The Axis Bank is the third largest private-sector bank in India offering a comprehensive range of financial products. The bank employed over 55,000 people and had a market capitalization of ?1.28 trillion, as of March 31, 2017. As of 30 Jun. 2016, the promoters & promoter group (United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, GIC, LIC & UTI) owns the 30.81% shares of the Axis Bank. The rest of the 69.19% shares are held by Mutual Funds Institutions, FIIs, Financial Institutions (banks), Insurance companies, corporate bodies & individual investors among others. The registered office of the UTI bank was opened in Ahmedabad, and corporate office was opened in Mumbai in December 1993. Dr. Manmohan Singh, the Finance Minister of India, inaugurated the first branch on 2 April 1994 in Ahmedabad. After the Government of India allowed new private banks to be incorporated, the UTI Bank began its operations in 1993. In 2001 UTI Bank agreed to merge with and amalgamate Global Trust Bank, but the Reserve Bank of India (RBI) withheld approval, and nothing came of this. In 2004 the RBI put Global Trust into moratorium and supervised its merger into Oriental Bank of Commerce. The UTI Bank became the first Indian bank to launch the travel currency card in 2003. On July 30, 2007, UTI Bank changed its name to Axis Bank.