The city of Sagar is located in the Indian state of Madhya Pradesh. It is situated on the Vindhya Range at the height of 1758 feet above sea-level. Sagar is located almost in the center of the country. Its original name was saugor which is a combination of two words: sau that means Hundred in Hindi and garh which is the Hindi word for forts. The city had countless small-forts in its vicinity and hence it was named this way. The original name was eventually modified to Sagar. This city has been selected to be developed as a smart city under PM Narendra Modis flagship Smart Cities Mission. The city experiences a humid subtropical climate with hot summers and comfortable winters. Sagar is home to more than 2 million residents.
The Kumbakonam Bank Limited, the previous name of City Union Bank, was registered as a limited company on 31 October 1904. In the Thanjavur district of Tamil Nadu, the bank initially preferred the role of a regional bank. The City Union Bank had a network of 600+ computerized branches (using TCS BaNCS software) as of November 2017 and 1,526+ ATMs across the country. The City Union Bank also offers a range of technical services such as self-service kiosks, bulk note acceptors, net banking, mobile banking, and Point of Sales, etc. The banks also provide savings and deposit products to meet the demand of various customers. It also offers many loan products to serve the financial needs of small individual customers to large industries. City Union Bank launched Indias first banking robot named Lakshmi in November 2016. It is the first on-site humanoid robot in India. The robot is capable of managing multiple tasks on sensitive financial information like account details. Dr. N Kamakodi is the MD and CEO of City Union Bank since 2011. The digital banking products and services of City Union Bank includes Passbook printing kiosk, Credit card and traveling card facility, cheque clearing kiosk, etc.