Bihar Sharif. located in the Indian state of Bihar, functions as the headquarters of the Nalanda district. It is the fifth-largest sub-metropolitan region in the state. Its name is derived from two words - Bihar which is taken from the name of the state as well as from the word Buddha Vihara; and sharif which refers to the resting place of the Sufi saint Sheikh Sharfuddin Yahya Maneri. The city is a renowned hub of education and trade in the southern regions of Bihar. The economy of this city centers around agriculture, tourism and household manufacturing. Crops such as potato, cauliflower, mustard seed and other vegetables are cultivated and sold to neighboring states. The city serves as a gateway to Nalanda, Rajgir and Pawapuri; thus tourism also boosts the citys economy. The household industries manufacture footwear and garments that add to the revenue generation of the city. Bihar Sharif is currently competing to obtain funds under PM Narendra Modis flagship Smart Cities Mission.
The Axis bank was founded in 1993 as UTI Bank. It is headquartered in Mumbai, Maharashtra and as of 2018, the bank has a network of 3,703 branches. It has the most extensive ATM network among the private banks. In 2007, the UTI Bank name was changed to Axis Bank. It commenced its operations in 1993 after the GOI allowed the establishment of new private banks. The first branch of the bank was inaugurated in 1994 in Ahmedabad by Mr.Manmohan Singh, who was the Finance Minister of India at that time. The UTI bank was promoted by the Unit Trust of India, LIC, General Insurance Corporation, Oriental Insurance Corporation and few other insurance companies. It became the first bank to launch the travel currency card in 2003 and got listed on London Stock Exchange in 2005. The first overseas branch of UTI Bank was opened in Singapore in 2006 and 2011 it opened an office in Colombo. Deepika Padukone, an actor from Bollywood industry, is the brand ambassador of the Axis Bank. As of March 2016, the bank had more than 50,000 employees. In mobile banking, the bank has introduced Axis pay to facilitate the payments through UPI Interface.