The two neighboring cities of Hubli (or Hubballi in the local language) and Dharwad in the South Indian state of Karnataka were merged in 1961 to form the twin city of Hubli-Dharwad. The name "Hubballi" literally translates to "flowering creeper" in Kannada. The word "Dharwad" refers to a place of rest during long travel or a small habitation. While Hubli acts as the commercial center and business hub, Dharwad situated around 20 kilometers away is the administrative headquarter of the twin city. This city is the second largest in the state after the capital city of Bangalore. As history reveals, the area had been ruled by the famous Vijayanagara dynasty and later by the Mughals, the Nawabs, the Marathas as well as the Peshwas. Hubli, being the commercial hub, houses numerous of small and medium industries. The area is known for mining manganese ore and granite as well as for the agricultural production of cotton, groundnut and oilseeds. The twin cities are also adept at manufacture of textiles from the cultivated cotton. The green and scenic city of Dharwad, apart from housing the citys administrative departments, is also a seat of learning. Prestigious and renowned educational institutions like Karnataka Institute of Medical Sciences (KIMS), Karnataka State Law University, The District Institute of Education and Training, University of Agricultural Sciences, etc. An IIT has also been recently established at Dharwad.
the Bank of Maharashtra is a significant public sector bank in India owned by the government of India with 81.61% of the total shares. As of 5 April 2016, The bank had 15 million customers across the country and network of 1897 branches. It has the most extensive network of offices by any public sector bank in the state of Maharashtra. It was founded by V. G. Kale and D. K. Sathe, and on 16 September 1935, registered as a banking company at Pune with an authorized capital of ? 1 million. It began its operations on 8 February 1936. Banks financial assistance to small units has found many of todays industrial houses. In 1938, the second branch of the bank was opened at Fort, Bombay(currently Mumbai). The bank expanded rapidly after nationalization in 1969. Mr. Sushil Muhnot was the former Managing Director and Chairman before Mr. Ravindra Prabhakar Marathe, who is the current MD and CEO of the Bank of Maharashtra. In 1998, the bank had achieved autonomous status after moving into A category from C due to which it has limited interference of Government authority in its decision-making process and internal affairs. In 2004, it was listed in Bombay Stock Exchange and National Stock Exchange of India.