The city of Bhusawal is also a municipal council in the Jalgaon district of the Indian state of Maharashtra. Situated near River Tapi, Bhusawal is the second largest town in the district. The city lies very near to the great and famous Ajanta Caves. Major industrial facilities at Bhusawal include the Bhusawal Thermal Power Station, two Ordnance Factories, Orient Cement Grinding Unit, a depot of Indian Oil Corporation Limited, Electricity Locomotive Workshop, etc. Bhusawal is known for its cultivation of bananas. Traders buy raw bananas from Bhusawal and export them across the world. This city is also known for the production of its special white brinjals that are grown locally. Bhusawal Junction railway station is a divisional headquarters of Central Railway and has good rail services. The population of this city is within a lakh and the residents mostly speak in Marathi.
The government owns Punjab & Sind Bank, and it is based in New Delhi. Its 623 offices are in Punjab state out of 1554 branches spread all over India. On 24 June 1908, the Punjab & Sind Bank was founded by Sir Sunder Singh, MajithaBhai Vir Singh, and Sardar Tarlochan Singh. The Government of India nationalized the Punjab National Bank on 15 April 1980 along with other six banks in the second wave of nationalizations. The first nationalization had been in 1969 when the government nationalized the top 14 banks. The Punjab & Sind Bank established a branch in London in the 1960s. In 1991 the London branch was acquired by the Bank of Baroda at the order of the Reserve Bank of India due to Punjab & Sinds involvement in the Sethia fraud in 1987. The Punjab & Sind has shown growth of over 40% year on year since 2004, and its IPO was put over the top by more than 50 times recently. In business, the bank crossed a mark of Rs 1 lac crore. The Punjab & Sind Bank sponsored a regional rural bank known as Sutlej Gramin Bank. The products of Punjab and Sind bank includes Debit Card, ATM, Internet Banking, Mobile Banking, SMS Banking, BHIM, UPI, POS Machine, AADHAR PAY, BHARAT QR