Patna is the largest city in Bihar and the second largest in eastern India, right after Kolkata. It is also the capital city of the state. The city is located on the southern bank of River Ganga. This city was found in 490BC by the Magadha empire and was named Pataliputra. The city has been under the dominance of great dynasties such as the Mauryas, Guptas, Palas and Nandas, who made this city a seat of arts and education in the olden days. Being the 5th among the fastest growing cities in the country, the World Bank had ranked Patna as the second most business-friendly Indian city in 2009. It is one of the rapidly growing Indian cities with the GDP of around 7.29%, which is on the rise with each passing year. It is one of the oldest cities of India. A primarily agricultural city, Patnas economy is based on the production and export of sugarcane, sesame, grains and rice. In the last few years, Patna has undergone a sustained growth phase due to the ?Green Revolution? business, which saw the rise of the FMCG industry and excellent performance of the service sector. This city is developing at a rapid pace as many SMEs and heavy industries are expanding to offer people numerous opportunities, thus making Patna a highly convenient place for people to settle down.
The Canara Bank is the largest public sector bank. Ammembal Sube Rao Pai founded it in 1906. Its head office is in Bangalore. The bank was established as Canara Hindu Permanent Fund in 1906, Mangalore but later in 1910, the name was changed to Canara Bank. The first acquisition of Canara bank was Bank of Kerela which took place in 1961. In 1969, the GOI nationalized Canara Bank, and in 1976, it inaugurated its 1000th branch. The Canara Bank was the first bank to achieve ISO certification for "Total branch banking." The first overseas office of Canara Bank was opened in London and subsequently in Hong Kong and Shanghai. The bank has established a joint venture with SBI and incorporated Commercial Bank of India LLC in Moscow. The seventh branch of the Canara Bank was opened in New York, United States. The bank sponsors two regional rural banks, Kerela Gramin Bank and Pragathi Krishna Gramin Bank. Canara bank has launched a Unified Payment Interface app, "Empower" for its customers to transact using the mobile app.