Katihar is situated in the eastern regions of the Indian state of Bihar. It functions as the regional headquarter of the Katihar district. It is known all over the eastern part of India for being a highly strategic railway junction. This city belonged to the Purnia district earlier. It is a part of the Mithila region. Katihar has a widespread railway network which connects the city to every other part of the country. It is known for its connectivity to the nooks and corners of the North East via railway and hence it is sometimes called "The Gateway of North-East." The city is located in the interior of Bihar and does not have a good network of roads. Katihar has many renowned educational institutions. Schools like Kendriya Vidyalaya, Ramakrishna Mission and Jawahar Navodaya Vidyalaya have their branches in the city. Quite a few well-known colleges in Katihar offer courses in medical sciences, technology. law and other disciplines. The city has a special inclination towards Movies and Sports. There are many movie theatres and open grounds to support these passions of the residents. The railway junction, which is connected to six different lines, is the main revenue generator for this city. Katihar is also a commercial city with plenty of shops, showrooms and restaurants.
The State Bank of India was found on 1 July 1955. The Reserve Bank of Indias stake in SBI, took over by the government of India in 2008 to remove any conflict of interest because the RBI is the banking regulatory authority of India. The government passed the (Subsidiary Banks) Act, State Bank of India in 1959. This made SBI subsidiaries free, that had belonged to princely states before their nationalization. The operational takeover between September 1959 and October 1960, had earned eight associate state banks for SBI. The SBI united with the first Five Year Plan, which prioritized the development of rural India. The government integrated these associate banks into the State Bank of India system to expand its rural outreach. The State Bank of Jaipur and State Bank of Bikaner was merged with the State Bank of India in 1963. The SBI had 59,291 ATMs as of 31st March 2017. The SBI provided an integrated digital banking platform named "YONO" to its customers. The equity shares of SBI are listed on the Bombay Stock Exchange, and NSE.