Munger, along with Jamalpur, is considered to be a twin city situated in the Indian state of Bihar. It functions as the administrative headquarters of the Munger district as well as the Munger Division. Munger, situated on the banks of the holy Ganga, was an ancient seat of rule. Asias largest and oldest railway workshop, which was set up by the British in 1862, is operated by the Indian Railways at Jamalpur. Munger has an ITC Factory established by the British along with a Gun Factory, ITC Milk Dairy and many others. Munger has a strong network of railway and roads, connecting it to all the important neighboring areas. The places in and around Munger that are worth visiting are Munger Fort, Chandika Asthan, Kastaharni Ghat on the Ganges, Khanqah Rahmani, Bhimbandh Wildlife Sanctuary, Yoga Ashram, Rahmani Foundation, 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.