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 Syndicate Bank was established by Upendra Pai, T M A Pai, and Vaman Kudva. The bank was popular as Canara Industrial and Banking Syndicate Limited at the time of its establishment. The Syndicate bank was nationalized by the Government of India On 19 July 1969, along with 13 major commercial banks of India. It is based in the university town of Manipal, India. The business of the bank started with a capital of 8000 rupees. In 1925, the first office of the bank began its business at Udupi in Dakshin Kannada district, Karnataka, India. Its membership as a clearinghouse was secured at Mumbai by 1937. The main objective of the bank was to provide the financial assistance to the local weavers. Initially, through its agents, the bank collected as low as two annas from the doorsteps of the depositors daily. Pigmy Deposit Scheme is the same kind of system, wherein the agents of the bank come doorsteps to collect the deposit, and it is still prevailing in India. The Bank has its branches in the multiple states and union territories in India. Syndicate Nitte School of Banking (SNSB) is a joint venture between the Syndicate Bank and Nitte Educational International Pvt. Ltd. (NEIL). It operates one center each at Mangalore and Greater Noida.