Tumkur is an industrial city in the Indian state of Karnataka. It has been officially renamed to Tumakuru. The city is also known by the names of Shaikshanika Nagari which means the city of education and Kalpatharu Nadu which means land of coconut trees. Tumkur has received the status of a City Corporation. It functions as the headquarters of the Tumkur district. Tumkur has Indias first mega food park which was inaugurated in 2014. It was a project of the ministry of food processing. Tumkurs economy is majorly dependent upon agriculture. Cultivation of crops such as coconut, paddy and areca nut, contributes to its economy. There are quite a few reputed educational institutions and places of tourist interest in and around Tumkur.
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