satna is a city in the Indian state of Madhya Pradesh that also serves as the Satna districts administrative headquarters. The city derives its name from the nearby Satna river which flows through the Baghelkhand region of the state. According to the Hindu epic Mahabharata, the Haihaya, Kalchuri or Chedi clans were the inhabitants of the region. Satna has a long history of being a part of various princely states. The city sits on a mineral-rich area and is known for dolomite mines and limestone and it contributes around 8% to 9% of the countrys total cement production. There are ten cement factories in Satna and the product is exported to other parts of the country. Satna houses the well-known electrical cable company called Universal Cables. Satna also serves as a major spot for religious tourism including Chitrakoot, Maihar and Bharhut. There are many temples, a Buddhist Stupa and a fort in the vicinity of the area. The city has quite a few good schools and colleges and is currently upgrading itself to become a modern city with all modern facilities. This city is often called the commercial capital of Baghelkhand as it is among the most promising cities of the state. Several new industries have been planned to be set up in this city by some of the most reputed industrial houses in India.
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.