Jamnagar, situated in the western Indian state of Gujarat, is the fifth largest city in the state and also the administrative capital of Jamnagar district. The city has plenty of nicknames. It is also known as ?Brass city? for its largest production of Brass items in India. The city is also nicknamed as ?Oil city? for hosting the world?s largest oil refinery of Reliance Industries. Jamnagar is divided into 21 wards and subzones for an effective administration. The economy of the city is mainly sourced from its mining industries. Jamnagar is the home of Reliance Industries and petrochemicals, which obviously boosts the citys economic growth. Jamnagar has huge reserves of bauxite. It is known for the traditional "Bandhani" clothes that are popular all over the world. The city hosts many educational institutions like Government Polytechnic College, Gujarat Ayurved University, Shri Vidhyasagar Infotech College, M P Shah Medical College, Government Dental College & Hospital, etc. There are a handful of visiting spots in the city like Darbargadh Palace, Willingdon Crescent, Pratap Vilas Palace, Lakhota Fort, Solarium, Bhujio Kotho, Kotha Bastion, Dhanvantri Mandir, Jam Ranjitsinhji Park, Ranjit Sagar Dam, Shantinath Mandir, Balachadi Beach, etc. Jamnagar has base stations of all three wings of Defence - the Indian army, navy and airforce.
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.