Navi Mumbai is a planned township in the Indian state of Maharashtra. It is a beautiful and well-organized city located in the Thane district towards the north-east of Mumbai. Navi Mumbai was originally planned in 1971 with an aim to decongest the great city of Mumbai. This new township is a fast developing residential and commercial area that offers all modern infrastructure and amenities. A considerable amount of commercial activities are being gradually shifted from Mumbai to this new township. Navi Mumbai flouts its organized roads that offer excellent connectivity. A new international airport at Navi Mumbai is currently under construction. Navi Mumbai is also famous for its many shopping malls and upcoming residential complexes. Most of the software companies that are operational in Maharashtra have opened their offices in Navi Mumbai. The government of Maharashtra has taken initiatives to set up IT parks at Navi Mumbai to cater to the growing demand or this rapidly growing city. It also helps declutter Mumbai and takes considerable pressure off it. Various educational institutions have come up in Navi Mumbai, offering courses in a variety of streams including engineering, medical sciences, hotel management, interior designing, etc. This young city has already become an active business hub since most of the MNCs based in Mumbai have set up their offices in this new city. Along with plenty of employment opportunities, this city offers entertainment and recreational facilities to ensure a comfortable life for the residents.
the Syndicate Bank was established by Upendra Pai, T M A Pai, and Vaman Kudva. The bank was popular as Canara Industrial and Banking Syndicate Limited at the time of its establishment. The Syndicate bank was nationalized by the Government of India On 19 July 1969, along with 13 major commercial banks of India. It is based in the university town of Manipal, India. The business of the bank started with a capital of 8000 rupees. In 1925, the first office of the bank began its business at Udupi in Dakshin Kannada district, Karnataka, India. Its membership as a clearinghouse was secured at Mumbai by 1937. The main objective of the bank was to provide the financial assistance to the local weavers. Initially, through its agents, the bank collected as low as two annas from the doorsteps of the depositors daily. Pigmy Deposit Scheme is the same kind of system, wherein the agents of the bank come doorsteps to collect the deposit, and it is still prevailing in India. The Bank has its branches in the multiple states and union territories in India. Syndicate Nitte School of Banking (SNSB) is a joint venture between the Syndicate Bank and Nitte Educational International Pvt. Ltd. (NEIL). It operates one center each at Mangalore and Greater Noida.