The city of Bhusawal is also a municipal council in the Jalgaon district of the Indian state of Maharashtra. Situated near River Tapi, Bhusawal is the second largest town in the district. The city lies very near to the great and famous Ajanta Caves. Major industrial facilities at Bhusawal include the Bhusawal Thermal Power Station, two Ordnance Factories, Orient Cement Grinding Unit, a depot of Indian Oil Corporation Limited, Electricity Locomotive Workshop, etc. Bhusawal is known for its cultivation of bananas. Traders buy raw bananas from Bhusawal and export them across the world. This city is also known for the production of its special white brinjals that are grown locally. Bhusawal Junction railway station is a divisional headquarters of Central Railway and has good rail services. The population of this city is within a lakh and the residents mostly speak in Marathi.
Punjab National Bank is a financial services company and a state-owned headquartered in New Delhi, India. In 1894, the PNB was found. The bank had over 80 million customers, 6,937 branches, and 10681 ATMs across 764 cities as of 31 March 2017. Outside India, the bank has a subsidiary in the UK as well as in Hong Kong, Kowloon, Dubai, and Kabul. On 19 May 1894, the PNB was incorporated under the Indian Companies Act, with its office in Anarkali Bazaar, Lahore. The founding board from different parts of India established the bank with the common objective of creating a truly national bank which would further support the economic interest of the country. The founders of PNB included many leaders of the Swadeshi movement such as Kali Prasanna Roy, E. C. Jessawala, Prabhu Dayal, Dyal Singh Majithia and Lala Harkishen Lal, Lala Lalchand, Bakshi Jaishi Ram, and Lala Dholan Dass. The Lala Lajpat Rai was actively associated with the management of the Bank in the initial years. The board of PNB first met on 23 May 1894. On 12 April 1895, the bank began its business in Lahore. In 1900, the PNB opened its first branch outside Lahore.