Pune is a bustling and vibrant metropolis in the state of Maharashtra. Being the second largest city in the state after Mumbai, Pune has become a thriving center of academia and business. The people of Pune lovingly call the city by its erstwhile name "Poona." Pune, coupled up with its industrial counterpart Pimpdi-Chinchwad and three other cantonments, forms the Pune Metropolitan Region or PMR. Looking into the historical past of the city, Pune was ruled by Shivaji and a line of Peshwas till the British took over in 1817 and made it the monsoon capital of the Bombay Presidency. Geographically, the city is located near the Western Ghats at one side, the Deccan Plateau on the other and the Mutha River flows along the left edge of the city. The cool, dry and soothing climate of Pune makes Pune a much-coveted city to settle in. Pune experienced the waves of globalization in the 1990s. The city hosts many well-known educational institutions and is often called the "Oxford of the East." The local economy of the state thrives on education, manufacturing and information technology. With its dynamic mix of capitalism and spiritualism, ancient and modern architecture, and its diverse cultural trends, Pune epitomizes the New India, a city worth exploring.
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.