Udaipur is popularly known as the "City of Lakes." It is a major city in the Indian state of Rajasthan, which serves as the administrative headquarters of the Udaipur district. It was founded by the Rajput ruler Maharana Udai Singh II in 1559 and was the capital of the historic kingdom of Mewar in the earlier Rajputana Agency. The British annexed it into their territory as a princely state in 1818. The region became a part of Rajasthan after independence in 1947. The scenic city is surrounded by the Aravali Range, which separates it from the Thar Desert. Udaipur is a popular tourist destination. It is known for its ancient history, culture, spectacular locations and the palaces of the Rajput-era. It has a sophisticated lake system which earned it the nickname of the "City of Lakes." There are five the major lakes in and around the city. Udaipur is extremely popular for its huge historic forts, marvelous palaces, verdurous gardens, architectural temples, ancient structures, colorful festivals, traditional fairs, historical museums and galleries. Tourism primarily fuels the economy of Udaipur. However, smaller industries such as marble processing, chemical manufacturing, minerals, electronic manufacturing and the handicraft industry are also great contributors to the citys economy. A few popular tourist destinations in and around Udaipur are the renowned Jain Temple at Ranakpur, Chittorgarh, Mount Abu, Udaisagar Lake, Haldighati, Kumbhalgarh Wildlife Sanctuary, etc.
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.