Pondicherry is the capital the largest city of the Indian Union Territory of Puducherry. It is affectionately referred to as Pondy and "Pdy" in short. Its official name has become Puducherry since 2006, which means new town in Tamil. The city is divided into 42 wards for effective governance. The 1st to 10th wards are located in the north of the city. The Boulevard town has Wards 11?19. The remaining wards are situated in the southwest of the downtown. Pondicherry has been a colony of the Dutch, Portuguese, British and French. However, the French East India Company dominated over the area for a long time and the city is widely known as a French settlement. The economy of Pondicherry is dependent upon the cultivation of crops such as rice, pulses, coconuts, sugarcane and cotton. Being a seaside city, it is also known for its fisheries and seafood. Pondicherry is a popular tourist destination. The city has numerous colonial buildings, churches and temples, within the systematically planned French style avenues, that still retain a colonial aura and attract tourists. The Promenade Beach and Auroville make the city all the more famous. Students from all over the country enroll themselves at the reputed institutions such as the French Institute of Pondicherry and the Pondicherry University.
The Bandhan Bank Ltd. is the first bank to set up in the eastern part of India after India has gained independence. On 23rd August 2015, the Bandhan bank was launched by the Union Minister of Finance, Shri Arun Jaitley Ji in Kolkata, West Bengal, India. The bank has two divisions: General Banking and Micro Banking Bandhan offering several retail financial solutions for its customers. It started as a micro-finance company in 2001 and received its banking license from the RBI in 2014. In August 2016, the first-anniversary celebration of Bandhan Bank was attended by the President of India, Shri Pranab Mukherjee. On 27th March 2018, it became the 8th largest bank in India by market capitalization. Its a bank for all, but the focus is to meet the needs of the people whom the formal banking system doesnt notice. The MD and CEO of the Bandhan Bank are Mr. Chandra Shekhar Ghosh. The Bandhan Financial Services Limited (BFSL), one of the largest microfinance organization in India owns the subsidiary of the bank known as The Bandhan Financial Holdings. The Bandhan Bank get listed on the Bombay stock exchange. For mobile banking, the Bandhan bank has launched m Bandhan app which is available for download on google play store and apple store. The users can check their account information and make money transfers through the app. It offers its world-class banking products to urban, semi-urban and the rural people being a bank for all.