Morena is located in the Indian state of Madhya Pradesh. It is situated in the Chambal division of the state and houses the administrative headquarters of the Morena district. The area was once notorious for dacoits, who terrorized the residents and plundered everything. It has now become a safer place and its 3 lakh residents can peacefully live their lives in the city. Many industrial units have been set up at Morena and the place has gained importance in terms of business and commerce. Located in the basin of the Chambal River, Morena has a tract of rich alluvial soil in some areas where wheat and oilseeds are widely cultivated. Morena has some quarries for building stones. There are forest areas which are inhabited by peacocks. The city is known for its sweets - Gajak is a traditional sweet made of sesame and jaggery and manufactured at Morena during winter; Malpua, made of flour and jaggery, is another delicious sweet that Morena is known for. Tourism is a major economic source in this city. The areas worth visiting in and around Morena are National Chambal Gharial Wildlife Sanctuary, Pahargarh cave paintings, Sabalgarh Fort, Sersaini Fort, Jain Temples and various Hindu temples.
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.