Bhilwara, a town in the Mewar region of the Indian state of Rajasthan, is the 7th largest city in the state. The city has several seasonal rivers like Kothari, Menali, Bedach, Banas, Khari and Mansi meandering through it. The city depends upon its ponds and dams for irrigation. The major industry in Bhilwara is textiles. There are more than 850 textile manufacturing units that specialize in the synthetic fabric used in trousers. Bhilwara is also the one and only center in India that produces insulation bricks. The city has around 33 units for it. Bhilwara also has a thriving mining industry in which large-scale mining is done for sandstone, soapstone, feldspar, quartz, China clay, mica, etc. The city has recently caught the attention of the iron ore industries as it has enormous deposits of low-grade iron. A huge plant for iron ore mining and beneficiation has been set up at Bhilwara recently, which has made this city a magnet for all the major steel companies of India and has simultaneously made Rajasthan an important name for the steel industries of the country.
The Federal Bank Limited based in Kochi, Kerala is a major private sector commercial bank. The Federal Bank had 1252 branches and 1680 ATMs across the country, as on 31 March 2016. The Pattamukkil Varattisseril Brothers gathered together to discuss the necessary steps to be taken to form a bank, on 7th April 1931 at Pattamukkil Varattisseril Tharavad. Among the founders of the bank are Pattamukkil Varattisseril Oommen Geevarghese, and his brothers Oommen Kurian, Oommen George Oommen Chacko. The Oommen Chacko was the managing director, and the Oommen Geevarghese was the founder chairman. The limitation of interest by the Travancore Debt Relief Act, 1941 and The Travancore Agriculturists Relief Act, 1939, greatly influenced the smooth functioning of the bank. On 2 December 1949, the bank was named Federal Bank Limited, after the completion of formalities of Banking Regulation Act, 1949. The Federal Bank introduced FedBook, the first electronic passbook in August 2013. The FedBook is a mobile application using which customers can check their passbook details. Federal Bank and SBI Card launched Federal Bank-SBI two co-branded Visa credit cards, namely Platinum and Gold N More in May 2015. In July 2015, an automated chat facility was introduced by the Federal Bank. Federal Bank launched Indias first Mobile App for Bank Account Opening in August 2015, creating history. As an upgrade to FedBook, e-Passbook App was launched by the bank as a unique facility of mobile-based bank opening. Anyone having an Aadhaar Card and PAN Card, can open a Savings Bank Account and get their Account Number instantly using a mobile from anywhere through the new avatar of Fedbook. In August 2016, Lotza, the Unified Payment Interface app was launched by the Federal Bank.