Ahmednagar is a city in the eponymous district in the Indian state of Maharashtra. Ahmednagar has been named after its founder Ahmad Nizam Shah I, who had founded the town in 1494 and established the Nizam Shahi Dynasty. The city still contains innumerable buildings from the Nizam Shahi period. The Ahmednagar Fort, which was famous in the British era as an impregnable building in which the imperial colonizers had housed Indian Nationalists like Jawaharlal Nehru before Indian independence, still stands proudly in the city as a museum. Pandit Nehru had written the famous book "The Discovery of India" during his confinement in this fort. The region is known for its sugar cultivation but often lapses into drought due to the lack of rainfall. The city serves as a strong military base as it houses the Indian Armoured Corps Centre & School, the Mechanised Infantry Regimental Centre, the Vehicle Research and Development Establishment and the Controllerate of Quality Assurance Vehicles. This historic city has many great places worth visiting. Chand Bibi Palace, Cavalry Tank Museum, Rehekuri Blackbuck Sanctuary, Ahmednagar Fort and Meherabad are few of the places in this area that attract tourists.
The Karnataka Bank Limited is commercial banking institution having a network of 807 branches, 1374 ATMs across 22 states and two union territories having 8,220 employees and over 9.65 million customers throughout the country. Over 1,46,000 shareholders privately own its shares and the tagline of the bank is "Your Family Bank Across India."In August 2008, Sun and NDTV Green IT Award were received by Karnataka Bank Limited in recognition of the banks "green policies" and use of earth-friendly technology such as solar power. For the year 2010-11, the bank received the Best Bank Award for "Managing IT Risk" under small bank category, by Institute for Development and Research in Banking Technology (IDRBT). The Karnataka Bank Limited was incorporated on 18 February 1924 and operations were commenced on 23 May 1924. Quick Remit, a facility of money transfer was introduced by the Karnataka Bank Limited in August 2008 for Non-Resident Indians living in Canada, United States, and the UK. The bank also runs a 24-hour Internet banking service called Money click. Some of the digital banking products of Karnataka Bank Ltd are KBL-ApnaApp, KBL-m PassBook, KBL Smartz and KBL POS Manager.