Karnal is situated within the National Capital Region. It functions as the headquarters of the Karnal District of Haryana. It is believed that the city was founded by Karna, an important figure in the Hindu epic of Mahabharata, who had died at the hands of archrival and his half-brother, Arjuna. It is one of the 100 cities that are being developed into smart cities as per PM Narendra Modis Smart Cities Mission. It is one of the cleanest cities in the country that houses many reputed educational institutions like Kalpana Chawla Government Medical College, Maharana Pratap Horticultural University of Karnal, Dyal Singh College, and branches of famous schools like Delhi Public School and Kendriya Vidyalaya. The city served as a refuge for the British survivors during the 1857 Uprising in Delhi.
The government of India owns the Canara Bank as one of the largest and oldest public sector banks. The headquarter of the bank is in Bengaluru. It had a network of 6639 branches and more than 10600 ATMs all over India, as of 30 October 2017. The bank also has offices outside India in Hong Kong, Moscow, Shanghai, Doha, London,Bahrain, Dubai, Tanzania,South Africa, and New York. On 1 July 1906, the Canara Hindu Permanent Fund in Mangalore, India, was initiated by Ammembal Subba Rao Pai. The fund name was changed to Canara Bank Limited in 1910 when it was incorporated. In 1958, Canara Bank was permitted by the Reserve Bank of India to acquire G. Raghumathmul Bank of Hyderabad. G. Raghumathmul Bank had five branches at the time of the acquisition. The merger took effect in 1961. Canara Bank acquired Trivandrum Permanent Bank, later in 1961. Along with 13 other prominent commercial banks of India, on 19 July 1969, the Government of India nationalized Canara Bank. Canara Bank inaugurated its 1000th branch in 1976. In 1985, Canara Bank acquired Lakshmi Commercial Bank in a rescue. Due to these acquisitions, Canara Bank got some 230 branches in northern India.