Meerut is a thriving city in the Indian state of Uttar Pradesh. It is the second largest urban agglomerate in the National Capital Region with nearly 1.5 million residents. It lies between the plains of the Ganga and the Yamuna. The city is known to be the largest manufacturer of sports equipment and musical instruments. Meerut was considered to be among the ancient cities of Hastinapur, the capital of the Kaurava and the Pandava kingdoms as mentioned in the Hindu epic Mahabharata. The city dates back to the ancient Indus Valley civilization. Meerut is divided into 80 wards for administration, which are represented by elected corporators. Meeruts economy is principally based on manufacturing industries. Apart from sports and musical instruments, the city also has textile, sugar, distillery, chemical, paper, publishing and handloom industries. Meerut is known for its gold market, which is one of the largest jewelry markets in Asia. Over 25,000 skilled craftsmen are employed in this market, who process around 60 kilograms of the gold in a day. Meerut also has many educational institutes like Sardar Vallabhbhai Patel University of Agriculture and Technology, Swami Vivekanand Subharti University and Shobhit University. Notable places to visit when traveling to Meerut include Amarnath Mandir, Gandhi Bagh, Basilica of Our Lady of Graces and Hastinapur Wildlife Sanctuary. The city has top-notch infrastructure as it is well connected to all the important cities in North India. Meerut is just 70 kilometers away from the country capital New Delhi. This proximity serves as a boon for Meerut as the connectivity ensures a citys economic welfare.
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.