Jalna is a growing city in the Jalna district of the Aurangabad or Marathwada Division in the Indian state of Maharashtra. It was earlier a part of the Hyderabad State as a tehsil of the Aurangabad district before Jalna district was formed and included within the territorial boundaries of Maharashtra on 1 May 1981. The city lies beside the Kundalika River, with a population of around 3 lakh people. Indias first cotton-ginning and oil-pressing factories were established in Jalna in the year 1863 by Mr. Pestonji Meherwanji. Most of the residents of Jalna are employed in these factories. The city is connected to the rest of the country via roads and railway.
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.