Jalna is a growing city in the Jalna district of the Aurangabad or Marathwada Division in the Indian state of Maharashtra. It was earlier a part of the Hyderabad State as a tehsil of the Aurangabad district before Jalna district was formed and included within the territorial boundaries of Maharashtra on 1 May 1981. The city lies beside the Kundalika River, with a population of around 3 lakh people. Indias first cotton-ginning and oil-pressing factories were established in Jalna in the year 1863 by Mr. Pestonji Meherwanji. Most of the residents of Jalna are employed in these factories. The city is connected to the rest of the country via roads and railway.
Incorporated in 1911, the Central Bank of India was the first commercial bank which was entirely owned and managed by Indians. Sir Sorabji Pochkhanawala, founded the Bank as a result of his dream realization about the bank. The first Chairman was Sir Pherozesha Mehta of this pure swadeshi Bank. In fact, Sir Sorabji Pochkhanawala felt so proud about this bank that he proclaimed CBI as the "countrys asset and property of the nation." He also said that "CBI has been made on peoples faith and considers itself as the peoples bank." During the last 106 years of history, the Bank has faced challenges and threats. The CBI successfully transformed every threat into an opportunity of business and excelled over its competitors in the Banking industry. The Central Bank of India can be honestly mentioned as an all India bank, due to stretch of its vast network across all the 29 States and 6 Union Territories of India. Among the public sector banks, the Central Bank of India holds a very significant place on account of its 4715 Branches, 1 Extension counters, along with 10 Satellite Offices as on January 2018, at various centers throughout the length and breadth of the country.