The city of Arrah, situated in the Indian state of Bihar, is also a municipal corporation and the district headquarter of the Bhojpur district. The city has derived its name from the famous temple of Goddess Aaranya. Arrah lies near the confluence of the Ganges and Sone rivers. The name of the city is often transliterated as Ara. The economy of the city relies on farming and cultivation. The rich and fertile soil facilitates the cultivation of rice and wheat. Apart from these chief crops, other crops such as sugarcane, guava, mango, tomato and potato considerably contribute to the citys agrarian economy. Apart from the agro-based industries, the city also has an LPG Bottling Plant and it provides much space and scope for the development of other industries. The service sector in Arrah is also quite thriving and provides employment opportunity to many residents in construction work, automobile services as well as in the hospitality and commercial sectors. The city is a hub of appeal for Jainism as it has several old temples and hermitages. Other popular places of tourist attraction include the Sun Temple at Dev, Aranya Devi Temple, Veer Kunwar Singh Kila, Shahi Masjid, Karbala the Mosque, Chaturvuj Narayan Mandir, Mahamaya Mandir, Bhavani Mandir, Parswanath Mandir, Mahathin Mai Mandir, etc.
Kotak Mahindra Finance Ltd was launched in 1985. Mr. Uday Kotak is the MD & CEO of the bank. In 1990, the bank introduced the auto finance division for financing the passenger cars. In 1991, it established the investment banking division. Indias first gilt fund was launched through Kotak Mahindra Asset Management Company. The Kotak Mahindra Finance Ltd became Indias first non-banking finance company to be converted to a commercial bank. For financing Ford vehicles, the bank took a significant stake in Ford Credit Kotak Mahindra Ltd. The first representative office of Kotak Mahindra was opened in Dubai in 2008. In 2009, the pension fund was launched under NPS. For the digital and social media, the bank has launched innovative solutions such as JIffi and KayPay in the year 2014. The RBI approved the merger of KMFL with ING Vysya Bank in 2015, and Kotak Mahindra Insurance received IRDAI approval for starting its insurance business. In 2017, the bank acquired BSS Microfinance Ltd. Recently the bank has launched Kotak Infrastructure Debt Fund Ltd.