Pali is an industrial city in the Indian state of Rajasthan. It is situated in the Marwar region of the state and functions as the administrative headquarters of the Pali District. The city of Pali was formerly known as Pallika and Palli. Located on the bans of the Bandi river, Pali was a trade center since ancient times. Pali is famous for its textile industries. Synthetic and cotton clothes, as well as yarn, is exported to other Indian states at a very cheap rate. Some new industries like Bangles, Marble cutting, marble finishing have recently emerged in the area. The city hosts the Maharaja Shree Umaid Mills which is the biggest cotton mill of Rajasthan and employs 3000 workers. There are three industrial areas in Pali known as the Mandia road industrial area, the Punayata industrial area and the industrial area phase 1& 2. The Mandia road area is the biggest and the oldest industrial area that houses innumerable manufacturing units of several renowned companies, mostly specializing in the textile industry. The Punayata industrial area has recently become a major landmark for Industrialists to set up new businesses. Additionally, several other industries such as leather products, agriculture instruments, chemicals, cement, granite, etc. have been set up in and around the city. Although these industries fuel the economy of Pali, they have also been criticized for causing severe pollution in the area.
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.