Mira-Bhayander is a part of the Mumbai Metropolitan Region, around 35 kilometers away from the state capital Mumbai. It is located in the northern side of Salsette Island in the Thane district of Maharashtra. The Mira-Bhayander Municipal Corporation runs the administration of the city which reportedly has more than 8 lakh residents. The residents of this area speak mostly in Marathi, but Gujarati and Hindi are quite prevalent. Mira-Bhayandar consists of residential as well as industrial areas. While most of the residents travel to the city for work, quite a few are employed in the several manufacturing units located in some parts of Mira and the eastern parts of Bhayandar. There are a few government-owned Salt Pans in this city. The city offers plenty of scope for development as it has the potential to become a large industrial complex.
The J&K Bank is a private sector banking and financial services company based in Srinagar, Jammu, and Kashmir. J&K Bank established on October 1, 1938, was the first bank in the country to emerge as a state-owned bank. On 1 October 1938, the Jammu and Kashmir Bank was founded by Maharaja Hari Singh (the Maharaja of Jammu and Kashmir). The eminent investors were invited by the Maharaja to become the founding directors and shareholders of the bank. The most notable investors were Abdul Aziz Mantoo, Pesten jee, Pandit Sriniwas Magotra, and the Bhagat Family, all of whom acquired a significant holding in bank shares. On 4 July 1939, the bank commenced the operations, and it was declared as the first semi-state-owned bank of with participation in capital by State and the public under the control of State Government. The bank had achieved the status of a scheduled bank In the year 1971 and was recognized as an "A" Class bank by the Reserve Bank of India in 1976. The bank had to face severe difficulties during independence time as out of its ten branches two branches of Muzaffarabad, Rawalakot, and Mirpur fell to the other side of the line of control (now Pakistan administered Kashmir) along with cash and other assets. As per the regulations of Indian Companies Act 1956, the bank was declared as a government company following the extension of Central laws to the state of Jammu & Kashmir.