The city of Purnia in the Indian state of Bihar also functions as the administrative headquarters of both the Purnia district and the Purnia division. It is located in the Kosi- Seemanchal area of Bihar. Purnia hosts several military bases such as Indian Air Force, Indian Army, three branches of Indias Central Armed Police Forces, the Border Security Force, the Sashastra Seema Bal and the Indo-Tibetan Border Police. The name of the city may have originated from the Sanskrit word Purna?Aranya, which means complete jungle. Purnia has a large forest cover and is located in the Mithila region of the state. The city lies on the alluvial tract of the Gangetic Plain and numerous rivers flow through the area that are mostly the tributaries of River Koshi. The city experience a favorable climate and is often referred to as "Mini Darjeeling." There are around 3 lakh residents in Purnia. Maithili, Angika, Hindi, Urdu, Bengali as well as English are the commonly spoken languages in this area. Purnia has an agricultural economy. The fertile soil supports paddy cultivation. Crops like potatoes, wheat, khesari, chickpeas, lentils, barley, sugarcane, tobacco, chili peppers, maize, makhana, mung beans and jute are also cultivated in the area. There are several poultries and fisheries in Purnia. This rapidly developing city is equipped with all modern amenities and many educational institutions.
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.