Jalandhar was known by the name Jullundur during the British era. This Indian city is situated in the north-western state of Punjab. It is considered to be one of the oldest cities in the country. It is the administrative headquarters of the Jalandhar district which is divided into 63 wards represented by the elected members called counselors. The city has a rich history in folklore. According to the Hindu epic Ramayana, Jalandhar was the capital of King Lav, the son of Lord Rama and was apparently named after a demon called "Jalandar". The main economic support of the city is derived from agriculture. The most grown crop is wheat followed by other crops such as rice, cotton, pearl millet, maize, sugarcane, barley and different fruits. Jalandhar is home to many government-run and private educational institutions. Prestigious institutions like the National Institute of Technology, Jalandhar, DAV University, Lovely Professional University, Sant Baba Bhag Singh University, Khalsa College etc. have been opened in Jalandhar. The city is also known for places of tourist attractions such as Devi Talab Mandir, Shiv Mandir, Shiv Bari Mandir, Imam Nasir Mausoleum and Jamma Masjid, Gurudwara Kakipind Rama Mandir, 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.