sri Ganganagar, referred to as SGNR in short, is a planned city in the Indian state of Rajasthan. It is the northern-most city of the state, located near the state border between Rajasthan and Punjab as well as the international border between India and Pakistan. It functions as the administrative headquarter of the eponymous district. The city is named after Maharaja Shri Ganga Singh Bahadur who was the Maharaja of Bikaner. Sri Ganganagar is often referred to as "the food basket of Rajasthan." SGNR is one the earliest well-planned modern cities of the country, believed to have been influenced by the town planning of Paris. The city is divided into blocks of the residential and commercial areas. The Sutlej enters Rajasthan near Sri Ganganagar. The city is situated on the Thar Desert and most of its flora and fauna survives on irrigation canals. Owing to its location, the city experiences extreme weather conditions - summer temperature can go up to 50 degrees and winters might be below zero degrees. The economy of Sri Ganganagar is based on agriculture. The desert town has been converted into a green city which supports the cultivation of wheat, mustard and cotton. Crops are guar, bajra, sugar cane and grams are also grown in this area. Farmers have recently started focusing on horticultural products too. The industries that have developed in the area are based on the agricultural produce. There are quite a few factories working on cotton ginning, pressing and spinning. Rice and sugar mills are also popular in the area.
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.