Kulti is a neighborhood in Asansol in the Indian state of West Bengal. It is situated in the Asansol Sadar subdivision of the Paschim Bardhaman district. The city of Kulti lies between two great rivers ? the Damodar and the Ajay. The rivers run parallelly with the city in between, and the area is composed of undulating laterite soil. Kulti was a small village earlier but it underwent major development when the IISCO plant was set up in the area. Kulti had India?s first blast furnace that operated in the plant at Burnpur from 1875 to the 1950s. Steel was manufactured for the first time in India in open hearth furnaces in 1904 at Kulti. Spun pipes were made for the first time in India at Kulti. Kulti is an industrial township with most of its residents employed in the industrial belt in and around the city. There are a few places worth visiting nearby such as Maithon Dam, Panchet Dam, Bakreshwar, Bishnupur and Tagores Shantiniketan.
TMB, a private sector bank established in 1921 as Nadar bank, later the name changed to Tamilnad Mercantile Bank in November 1962. The head office of the Tamilnad Bank is at Thoothukudi, Tamil Nadu. The primary objective of founding TMB was to serve the Nadar business community, and the idea was proposed at the annual meeting of Nadar Mahajani Sangam at Tuticorin in 1920. AMMS Chinnamani Nadar found the other founding members of the bank and played a significant role in its formation in 1921. Outside Tamil Nadu, the bank opened its first branch in Bangalore in 1976. The bank had only four offices by 1947: Sivakasi, Tuticorin, Madurai, Virudhunagar. On 9 December 1984, the bank opened its first computerized branch in Tuticorin at WGC road. In 1983, the bank started using modern technologies and was the first to adopt computerization for branch level operations. All the 500 branches of the bank are connected using Infosys FINACLE software. For providing payment gateway services to its internet banking customers, TMB has partnered with Pay U India, Bill Desk, CC Avenue, etc. It is the first bank to provide POS machines and mobile banking to its customers. For connecting Head office with regional offices, the bank has adopted video conferencing facility. For ATM operations, TMB is a member of National Financial Switch.