Naihati is a riverside town in the Indian state of West Bengal. It is situated in the Barrackpore subdivision of the North 24 Parganas district. Naihati municipality, established in 1869, is one of the oldest in the country. Bankim Chandra Chattopadhyay, who wrote Indias national song Vande Mataram, was born in Naihati. Naihati had a vibrant industrial area. The jute mills along the bank of the Hooghly River were thriving and prosperous at a time, which attracted a lot of immigrants from the neighboring state of Bihar and Odisha. Hence, a large portion of Naihatis 2 lakh residents are immigrants who have settled down in shanty towns around the mill area. The Jenson & Nicholson factory was the first of its kind to be set up at Naihati. It produces paints, varnishes, pigments and allied products. The Gouripore Jute Mill and the Nuddea Jute Mills were leading providers of employment in Naihati. Naihati is also notable for fish farming - various genus of fish like Katla, Koi, Magur, Pabda, Rohu, etc. are reared in several fisheries in the area. Naihati railway station is also an important railway junction on the Indian Railways network. Durga Puja and Kali Puja are celebrated at Naihati with much pomp and show.
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.