Agartala, a rapidly developing city, is the state capital of Tripura. The name Agartala is derived from two words - "Agar" refers to an oily and valuable perfume tree, and the word "tala" refers to a storehouse. It refers to the abundantly available Agarwood trees in the region. Located on the bank of the Haora River, Agartala is located 2 kilometers away from the Bangladesh Border. The city experiences a humid climate, with heavy rainfall throughout the year except during the dry winter days. The city has around half a million population and is divided into 49 wards for effective administration. Most of the residents of Agartala are employed in government-owned enterprises. The Public Sector Units that provide employment in Agartala are ONGC, GAIL, Powergrid Corp. Of India Ltd, Airports Authority of India (AAI) and BSNL among a few others. The economy of Agartala developed at a very slow pace until about the year 2000. A few MNCs have recently entered the city and the city is gradually picking up the developmental momentum. NIT, Tripura Medical College, Tripura University, MBB College, ICFAI UNIVERSITY, etc. are some of the prominent academic institutions in the city. Hinduism is the most common religion and there are plenty of temples in the city. There are many churches as well since Christianity is also a widespread faith. There are several spectacular places of tourist interest such as Ujjayanta Palace, Agartala Amusement Park Amtali, Venuban Buddha Vihar, Jagannath temple and College Tilla, apart from the numerous parks and gardens that beautify this city.
Punjab National Bank is a financial services company and a state-owned headquartered in New Delhi, India. In 1894, the PNB was found. The bank had over 80 million customers, 6,937 branches, and 10681 ATMs across 764 cities as of 31 March 2017. Outside India, the bank has a subsidiary in the UK as well as in Hong Kong, Kowloon, Dubai, and Kabul. On 19 May 1894, the PNB was incorporated under the Indian Companies Act, with its office in Anarkali Bazaar, Lahore. The founding board from different parts of India established the bank with the common objective of creating a truly national bank which would further support the economic interest of the country. The founders of PNB included many leaders of the Swadeshi movement such as Kali Prasanna Roy, E. C. Jessawala, Prabhu Dayal, Dyal Singh Majithia and Lala Harkishen Lal, Lala Lalchand, Bakshi Jaishi Ram, and Lala Dholan Dass. The Lala Lajpat Rai was actively associated with the management of the Bank in the initial years. The board of PNB first met on 23 May 1894. On 12 April 1895, the bank began its business in Lahore. In 1900, the PNB opened its first branch outside Lahore.