Erode is a small and beautiful city located on the banks of the Kaveri River in the Indian state of Tamil Nadu. The seventh largest city in the state, Erode is often referred to as the Textile city or the Turmeric city. Erode is an ancient region with a great history and cultural significance. The modern city has half a million population from different religions and it is divided into 60 for effective civic governance. The economy of Erode is primarily driven by the textile, turmeric and oil industries which provide employment opportunities to a good portion of the city?s population. Erode is also known for industries such as rice mills, leather processing, paper production, engineering, auto and looms. The BPO sector in this city is gradually developing. Erode is also known for its handloom products, knitwear and food products. The Government Technical Institute is a prominent educational institution in the city. A few places of tourist attraction in and around Erode include the Thindal Murugam Temple, CSI Brough Church, Thowheeth Mosque, Sankagiri Fort, Natadreeswarar Temple, Vellore Birds Sanctuary, etc.
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.