Pune is a bustling and vibrant metropolis in the state of Maharashtra. Being the second largest city in the state after Mumbai, Pune has become a thriving center of academia and business. The people of Pune lovingly call the city by its erstwhile name "Poona." Pune, coupled up with its industrial counterpart Pimpdi-Chinchwad and three other cantonments, forms the Pune Metropolitan Region or PMR. Looking into the historical past of the city, Pune was ruled by Shivaji and a line of Peshwas till the British took over in 1817 and made it the monsoon capital of the Bombay Presidency. Geographically, the city is located near the Western Ghats at one side, the Deccan Plateau on the other and the Mutha River flows along the left edge of the city. The cool, dry and soothing climate of Pune makes Pune a much-coveted city to settle in. Pune experienced the waves of globalization in the 1990s. The city hosts many well-known educational institutions and is often called the "Oxford of the East." The local economy of the state thrives on education, manufacturing and information technology. With its dynamic mix of capitalism and spiritualism, ancient and modern architecture, and its diverse cultural trends, Pune epitomizes the New India, a city worth exploring.
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.