The two neighboring cities of Hubli (or Hubballi in the local language) and Dharwad in the South Indian state of Karnataka were merged in 1961 to form the twin city of Hubli-Dharwad. The name "Hubballi" literally translates to "flowering creeper" in Kannada. The word "Dharwad" refers to a place of rest during long travel or a small habitation. While Hubli acts as the commercial center and business hub, Dharwad situated around 20 kilometers away is the administrative headquarter of the twin city. This city is the second largest in the state after the capital city of Bangalore. As history reveals, the area had been ruled by the famous Vijayanagara dynasty and later by the Mughals, the Nawabs, the Marathas as well as the Peshwas. Hubli, being the commercial hub, houses numerous of small and medium industries. The area is known for mining manganese ore and granite as well as for the agricultural production of cotton, groundnut and oilseeds. The twin cities are also adept at manufacture of textiles from the cultivated cotton. The green and scenic city of Dharwad, apart from housing the citys administrative departments, is also a seat of learning. Prestigious and renowned educational institutions like Karnataka Institute of Medical Sciences (KIMS), Karnataka State Law University, The District Institute of Education and Training, University of Agricultural Sciences, etc. An IIT has also been recently established at Dharwad.
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