Ajmer is situated in the Indian state of Rajasthan and is the administrative headquarters of the eponymous Ajmer District. It is one of the heritage cities for HIRDAY- heritage city development and augmentation Yojana launched by the PM of India. The city is also known as ?The City of Unity? and ?Heart of Rajasthan.? Ajmer has a long history of being ruled by the Rajputs who played an important role in shaping up the city. The city has been divided into 55 wards for effective administration, with each ward represented by an elected member. The economy of Ajmer is based on agriculture as well as manufacturing and textile industries. Crops like bajra, jowar, pulses, maize, groundnut, cotton, wheat, barley, gram and oilseeds are grown in the entire Ajmer district. The city hosts many educational institutions and universities like the Central University of Rajasthan, Maharshi Dayanand Saraswati University, etc. Ajmer is a beautiful tourist destination with plenty of must-visit places such as Akbars Palace & Museum, Dargah Ajmer Shariff, Nasiyan Jain Temple, Taragarh Fort, Ana Sagar Lake, Nareli Jain Temple, Rangji Temple, etc.
In February 2003, the RBI gave the license to Kotak Mahindra Finance Ltd to carry on banking business. The head office of the Kotak Mahindra, an Indian private sector bank, is in Mumbai, Maharashtra. It provides banking products and financial services for corporate and retail customers and specialized subsidiaries in the areas of life insurance, investment banking, general insurance, and wealth management.The Bank has 1,369 branches across 689 locations and 2,163 ATMs in the country, as of 31 March 2017. In 2018, it became the second largest private bank in India by market capitalization after the HDFC Bank. Uday Kotak established the Kotak Mahindra Bank which became a financial services conglomerate. The Reserve Bank of India (RBI) provided the banking licence to Kotak Mahindra Finance Ltd (KMFL), the Groups flagship company in February 2003. The KMFL became the first non-banking finance company in India to be converted into a bank ? Kotak Mahindra Bank Limited (Kmb)ltd.In a study published in February 2014 by Brand Finance Banking 500, KMBL was ranked 245th among the worlds top 500 banks with valuation of around half a billion dollars and brand rating of AA+. The Kotak Bank acquired ING Vysya Bank in a deal valued at ?15,000 crore in 2015. Total employment jumped to almost 40,000, and the count of branches reached 1261 with the merger. After the merger,the ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank.