Indore is a rapidly developing tier 2 city which is also the commercial capital of the state of Madhya Pradesh. It is proceeding towards becoming a major cosmopolitan hub in central India. The city has set trends in the fields of art, media, commerce, trade, fashion, etc. Indore emphasizes upon finance, research, technology, education and entertainment too, thus justifying its status of being the commercial capital of the state. Indore is said to have the largest economy in central India. It serves as the business and trading capital of the state. Indore is known for its textile industry, which is the largest in India. Handloom and dyeing industries are also quite popular in this city. Indore also focuses on extracting oil using Ghani, weaving bamboo mats and baskets and manufacturing metal utensils. It also has a growing industry of embossing and engraving on gold and silver ornaments. Indore is situated on a high elevation and at the same time, it is an inland location. Hence, it experiences a mix of the humid subtropical climate and the tropical savanna climate. Even the hottest days in the city are relaxed by relatively cool and comfortable nights. This place never lacks enjoyable things ? there are shopping malls, theatres, roller-coaster rides, go-karting tracks, magic shows, circuses - Indore has it all! It has many places of historical and religious importance for visitors to explore.
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