shimla or Simla is the capital city of the Indian state of Himachal Pradesh. It is a hill-side city, known for being a much-coveted tourist destination. The name of the city is received from an incarnation of the Hindu goddess Kali, known as Goddess Shyamala Devi. Shimla was chosen to be the summer capital of British India in 1864. The city became the capital of Punjab after independence. It was later shifted to the territorial boundaries of Himachal Pradesh and was made its capital. It is the principal center for commercial, cultural and educational activities of Himachal Pradesh. The city consisted of small hamlets before 1815 when the British forces took control of the area. The conducive climatic conditions of the area attracted the British to set up the city amidst the dense forests of the Himalayas. Shimla houses many buildings styled in the neo-Gothic and Tudorbethan architectures dating from the colonial era. It also has multiple temples and churches. These specimens of colonial architecture along with the natural environment of the city attract tourists. Places worth visiting in Shimla are the Viceroy Lodge, the Christ Church, the Jakhoo Temple, etc. The Mall Road and the Ridge together form the city center and are full of tourists at all times. The Kalka?Shimla Railway line which is a UNESCO World Heritage Site is also a major tourist attraction. Tourism fuels the economy of this scenic 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.