Bagaha is a small city located in the Pashchim Champaran district of Bihar. It is a city and a municipality and functions as a subdivision of the Pashchim Champaran district. Bagaha is situated around 64 kilometers north-west of Bettiah and around 294 kilometers away from the state capital Patna. The Gandak River flows through this city, gifting it with fertile soil suitable for cultivation. Bagaha also houses the Valmiki Tiger Reserve. Bagaha has more than 1 lakh residents who mostly speak in Hindi, Bhojpuri and Urdu. The economy of the region is chiefly agrarian and the resident farmers are engaged in the cultivation of paddy, sugarcane and cane reeds.
The CBI is one of the oldest and largest commercial banks in India and owned by the government. It is headquartered in Mumbai, the capital city of the state of Maharashtra and known as the financial capital. The bank has 4715 branches, 5319 ATMs across 27 Indian states and three Union Territories. Overseas, the CBI has a branch at Nairobi, Hong Kong having a joint venture with Bank of Baroda, Bank of India, and the Zambian government.CBI has also opened a representative office at Nairobi in Kenya recently. It is one of the 20 Public Sector banks in India to receive recapitalization finance from the government over the next 24 months. For opening representative offices in five more locations - Singapore, Dubai, Doha, and London, the Central Bank of India approached the RBI. The reserves of the bank and surplus stood at ? 283030 million. As of 31 March 2015, the total business at the end of the last fiscal approximately amounted to ? 45,05,390 million. On 21 December 1911, Sir Sorabji Pochkhanawala founded the Central Bank of India with Sir Pherozeshah Mehta as the Chairman. The Indian Government nationalized the Central Bank of India on 19 July, 1969together with 13 others banks.