Parbhani is a city in the Indian state of Maharashtra. It functions as the administrative headquarters of Parbhani District situated in the Marathwada region of the state. Parbhani was earlier a part of the Nizam State and was later passed on to the Hyderabad State. When the Indian states were reorganized in 1956, Parbhani became a part of the then Bombay state. It was included within the boundaries of Maharashtra in 1960. The famous Vasantrao Naik Marathwada Agricultural University is located in Parbhani. In ancient times, the city was known by the name "Prabhavati Nagari," named after a massive temple of Goddess Prabhavati in the area. The present name of the city is a distorted form of Prabhavati. Parbhani has around 3 lakh residents and has been recognized as one of the cleanest cities in Maharashtra. Parbhani is located in the Godavari Valley, and hence the citys soil is very fertile as well as rich in nutrients. The economy of Parbhani is largely fuelled by agriculture and agribusiness. Parbhani is well connected to the neighboring areas and also offers all modern amenities to its residents. An annual festival is organized at Hazrat Turabul Haq Dargah in Parbhani, which attracts lakhs of tourists each year.
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.