Avadi is a residential city near Chennai in the Indian state of Tamil Nadu. It is considered to be a Special Grade Municipality of the Chennai Metropolitan Area which is soon to receive an upgrade to a Corporation. It is a developed area with around 3.5 lakh population. It is believed that the citys name is an acronym for Armoured Vehicles and Ammunition Depot of India. The lies on the banks of the huge and thriving Avadi Lake. The water from the lake is often utilized for the cultivation of farmlands and it also attracts several birds during various seasons. This advanced city has a renowned waste management system which converts solid household wastes into compost and manure. Avadis government establishment mainly drives its economy. The major military divisions in the vicinity of Avadi are the Indian Army, Indian Air Force, Indian Navy, Heavy Vehicles Factory, Combat Vehicles Research and Development Establishment, CRPF, The Ordnance Depot, Central Vehicle Depot, etc. The city is known for its plenty of Hindu temples.
On June 16, 1812, the Citi Bank of New York was found. The Samuel Osgood who was the statesman and retired Colonel became the first president of the Citi Bank. William Few became President of the Bank in August 1813, stayed until 1817, followed by Peter Stagg (1817?1825), Thomas Smith (1825?1827), Isaac Wright (1827?1832). In 1837, the ownership and management of the bank was acquired by Moses Taylor, a student of John Jacob Astor and one of the biggest names of the business world in the 19th century. Citibank provides credit cards, commercial loans, mortgages, personal loans, and lines of credit.The Citi bank has 2,649 branches in 19 countries. The U.S. branches are present in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. The US accounted for 70% of revenue and Mexico accounted for 13% of revenue in 2016. Apart from the U.S. and Mexico, most of the branches are in Russia, Pakistan, India, Poland, and the UAE. Citigroup, the parent of Citibank, received financial assistance in the form of an investment from the U.S. Treasury, after the financial crisis of 2007?2008 and huge losses in the value of its subprime mortgage assets.