The city of Sonipat is also a Municipal Corporation in the Indian state of Haryana. Situated at a distance of 43 kilometers from the capital city of Delhi, Sonipat is a part of the National Capital Region. The Yamuna marks the eastern boundary of Sonipat, which was earlier a part of Rohtak but was separated and made into a full-fledged district in 1972. Legend says that Sonipat was previously known as Sonprastha, which was modified to svarnaprastha or the golden city. Later, the name was shortened to Svarnpath, and eventually to its current form, Sonipat - also spelled as Sonepat. The Hindu epic Mahabharata says that Svarnaprastha was founded by the Pandavas. The district of Sonipat is divided into three regions - Khadar, Upland Plain and Sandy Region. The city is located on the upland plains. This area is rich in old alluvium, which is highly productive if properly irrigated. Wheat, rice, sugarcane, cotton, millet, oilseeds, pulses, barley, maize are abundantly cultivated at Sonipat using irrigation through tube wells and canals. Horticultural plants, vegetables and flowers are also cultivated. Dairy farming and animal husbandry form an essential part of Sonipats rural economy. Four industrial areas have been developed at Sonipat and factories of HSIIDC, Atlas, Birla Factory, OSRAM India, etc. have been set up. The Rajiv Gandhi Education City at Sonipat has been set up by the government that offers space to many universities for setting up their campus.
the Syndicate Bank was established by Upendra Pai, T M A Pai, and Vaman Kudva. The bank was popular as Canara Industrial and Banking Syndicate Limited at the time of its establishment. The Syndicate bank was nationalized by the Government of India On 19 July 1969, along with 13 major commercial banks of India. It is based in the university town of Manipal, India. The business of the bank started with a capital of 8000 rupees. In 1925, the first office of the bank began its business at Udupi in Dakshin Kannada district, Karnataka, India. Its membership as a clearinghouse was secured at Mumbai by 1937. The main objective of the bank was to provide the financial assistance to the local weavers. Initially, through its agents, the bank collected as low as two annas from the doorsteps of the depositors daily. Pigmy Deposit Scheme is the same kind of system, wherein the agents of the bank come doorsteps to collect the deposit, and it is still prevailing in India. The Bank has its branches in the multiple states and union territories in India. Syndicate Nitte School of Banking (SNSB) is a joint venture between the Syndicate Bank and Nitte Educational International Pvt. Ltd. (NEIL). It operates one center each at Mangalore and Greater Noida.