Nanded is the 8th largest city in the state and the second largest in the Marathwada subdivision of the Indian state of Maharashtra. It is a major destination Sikh pilgrims as the city was the permanent abode of the 10th Sikh Guru - Guru Gobind Singh, who passed away in the city in 1708. Nanded is closer to Hyderabad than to the Maharashtra state capital Mumbai. The city of Nanded is divided into two distinct parts by the Godavari - the old Nanded on its north bank and the new city in the south. Nanded is known for the agricultural trade of cotton, mangos, soya beans, bananas, sugarcane, sweet limes, and sorghum that are cultivated in and around the city. The city has an agricultural school and a cotton research center dedicated to assist the cotton production industry. The tourism industry also fuels the citys economy. 10 million visitors and religious pilgrims boost the tourism industry of the city.
The CBI is one of the oldest and largest commercial banks in India and owned by the government. It is headquartered in Mumbai, the capital city of the state of Maharashtra and known as the financial capital. The bank has 4715 branches, 5319 ATMs across 27 Indian states and three Union Territories. Overseas, the CBI has a branch at Nairobi, Hong Kong having a joint venture with Bank of Baroda, Bank of India, and the Zambian government.CBI has also opened a representative office at Nairobi in Kenya recently. It is one of the 20 Public Sector banks in India to receive recapitalization finance from the government over the next 24 months. For opening representative offices in five more locations - Singapore, Dubai, Doha, and London, the Central Bank of India approached the RBI. The reserves of the bank and surplus stood at ? 283030 million. As of 31 March 2015, the total business at the end of the last fiscal approximately amounted to ? 45,05,390 million. On 21 December 1911, Sir Sorabji Pochkhanawala founded the Central Bank of India with Sir Pherozeshah Mehta as the Chairman. The Indian Government nationalized the Central Bank of India on 19 July, 1969together with 13 others banks.