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 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.