The two neighboring cities of Hubli (or Hubballi in the local language) and Dharwad in the South Indian state of Karnataka were merged in 1961 to form the twin city of Hubli-Dharwad. The name "Hubballi" literally translates to "flowering creeper" in Kannada. The word "Dharwad" refers to a place of rest during long travel or a small habitation. While Hubli acts as the commercial center and business hub, Dharwad situated around 20 kilometers away is the administrative headquarter of the twin city. This city is the second largest in the state after the capital city of Bangalore. As history reveals, the area had been ruled by the famous Vijayanagara dynasty and later by the Mughals, the Nawabs, the Marathas as well as the Peshwas. Hubli, being the commercial hub, houses numerous of small and medium industries. The area is known for mining manganese ore and granite as well as for the agricultural production of cotton, groundnut and oilseeds. The twin cities are also adept at manufacture of textiles from the cultivated cotton. The green and scenic city of Dharwad, apart from housing the citys administrative departments, is also a seat of learning. Prestigious and renowned educational institutions like Karnataka Institute of Medical Sciences (KIMS), Karnataka State Law University, The District Institute of Education and Training, University of Agricultural Sciences, etc. An IIT has also been recently established at Dharwad.
Established in 1994,the IndusInd Bank Ltd is a Mumbai based bank which offers commercial and electronic banking products and services. The Union Finance Minister, Mr.Manmohan Singh inaugurated it in April 1994. The operations of the bank started under the chairmanship of S.P Hinduja on 17th April 1994, with the aim of serving to the NRI community. The name of the bank is inspired from the Indus Valley Civilization.The bank began with a capital amount of Rs.1 billion out of which Rs. 600 million had been raised by the Indian residents and rest of the amount by NRIs.Among the new-generation private banks, IndusInd Bank is the first in India. The bank has its specialization in retail banking, and it keeps on upgrading its support systems through new technologies. It is also expanding its branches all across the country along with global spread. The IndusInd bank has its subsidiaries in Abudhabi, London, and Dubai. The maximum number of offices in India are in New Delhi, Mumbai, and Chennai. It has 1885 ATMs and 1004 bank branches across 625 locations of the country as on June 2016. The bank has been ranked 13th among top 50 most valuable brands on Brandz Top in the year 2015.