Davanagere is an emerging city in the Indian state of Karnataka. This city has been selected by PM Narendra Modi to be developed into a smart city under the ambitious flagship Smart Cities Mission. It is a cotton hub and has often been referred to as the Manchester of Karnataka. Currently, the city is commercially venturing into the fields of education and agro-processing industries. Located in the Maidan region on the Deccan Plateau, the city is often called the "Heart of Karnataka" as it is literally located in the center of the state. This city houses Asias 2nd largest irrigation tank known as "Shanti Sagar," which serves as a major water source for farmers in the region. There are roughly half a million residents in Devanagere who mostly speak in Kannada. The city is well connected to the rest of the state as well as the country through a decent network of roads and railway.
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.