Begusarai is a town in the Indian state of Bihar. It functions as the administrative headquarters of the Begusarai district which lies on the northern bank of Ganges. It was established and made into a part of the Munger District 1870. The communists have had a strong hold on Begusarai and thus the town was once called the "Leningrad of Bihar." The city is divided into three floodplains called the Ganga Floodplain, the Burhi Gandak Floodplain and the Kareha-Bagmati Floodplain. Agriculture is the pillar of Begusarais economy. The principal cash crops of the area are oilseeds, aniseed, tobacco, jute, potato, red chilies and tomato. Fruits such as Litchi, Mango, Guava and Banana are also cultivated in the area. Recently basil leaves and pearl farming has attracted local farmers. The Barauni refinery contributes considerably to the state exchequer yearly. The city has around 2.5 lakh residents who are mostly employed in the agricultural sector.
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.