salem is a city in the South Indian state of Tamil Nadu. It is popularly known as steel city or mango city. The city has the administrative headquarter of the Salem district and is known to be the 5th largest city in Tamil Nadu in terms of area and population. The city has a municipal corporation with 72 wards headed by elected representatives. The textile industry drives the economy of the city. Salem has 125 spinning mills, weaving units, dye units and garment units which work together to ensure a flourishing textile industry. There are a few sago factories in the area, known for the production of starch. The city and its outskirts are rich in mineral ores. Some of the largest magnesite and bauxite deposits in the country are mined here. The city is known for the famous Salem Steel Plant, which is a unit of the Steel Authority of India. The Salem Steel Plant produces cold-rolled stainless steel as well as the hot-rolled stainless-carbon steel alloy. All of these together form a major part of the economy and commerce of Salem. There are many famous places of worship in the vicinity of Salem. The Kottai Mariamman Temple, Sugavaneshwarar Temple, Jama Masjid, ISKCON, Christ Church, etc. are spots that draw tourists. There are several pristine educational institutions in the region such as the Periyar University, the Government College of Engineering, etc., salem is popularly called the steel city or mango city. It is located in the Indian state of Tamil Nadu. Salem is Tamil Nadu?s 5th largest city in terms of area and population and it operates as the administrative headquarter of the Salem district. 72 wards join to make the municipal corporation of Salem and each ward is headed by an elected representative. Salem?s textile industry forms the backbone of its economy. Numerous spinning mills, weaving units, garment units and dye units work in unison to boost the textile industry of Salem. The city has a few sago factories that are known for the production of starch. Salem and the surrounding area are rich in mineral ores that support the mining of magnesite and bauxite. The famous Salem Steel Plant produces cold-rolled stainless steel and hot-rolled stainless-carbon steel alloys. It is a unit of the Steel Authority of India. These industries together boost the economy and commerce of Salem. Quite a few renowned places of worship can be found in and around Salem such as the Kottai Mariamman Temple, Sugavaneshwarar Temple, ISKCON, Jama Masjid, Christ Church, etc., salem, popularly known as steel city or mango city, is a city in the South Indian state of Tamil Nadu. Salem functions as the administrative headquarter of the Salem district. It is also the 5th largest city in the state in terms of area and population. The municipal corporation of Salem has 72 wards, each headed by an elected representative. The textile industry forms the backbone of the economy of Salem. The city has 125 spinning mills, many weaving units, dye units and garment units
On 12th March 1906, the Corporation Bank established as Canara Banking Corporation Limited, in the temple town of Udupi, by a group of visionaries. The initial growth was consciously cautious and need-based. In 1923, the first Bank branch was opened at Kundapur, and in 1926 the second branch was opened in Mangalore. In 1934, the Bank stepped into Coorg State by opening its seventh branch. The Bank got listed in the second schedule of RBI Act, 1934 in the year 1937. The name of the Bank had changed from Canara Banking Corporation Ltd to Canara Banking Corporation Ltd In 1939. In 1972, the bank changed its name again, from ?Canara Banking Corporation Ltd.? to ?Corporation Bank Limited.? And finally, the bank became ?Corporation Bank? after its nationalization on 15th April 1980. The total revenue of the Bank was Rs.3.29 lakh crore, as on 30th September 2017. Currently, the Bank has 3169 ATMs, 4724 Branchless Banking Units, and 2501 fully automated CBS branches, across India. The Bank has its representative Offices at Dubai and Hong Kong. The Branchless banking units have been expanded to more than 4700 villages by the Corporation Bank alongside issued smart cards to all account holders in these villages to enable them to use the Business Correspondents model operated by the Bank.