Pondicherry is the capital the largest city of the Indian Union Territory of Puducherry. It is affectionately referred to as Pondy and "Pdy" in short. Its official name has become Puducherry since 2006, which means new town in Tamil. The city is divided into 42 wards for effective governance. The 1st to 10th wards are located in the north of the city. The Boulevard town has Wards 11?19. The remaining wards are situated in the southwest of the downtown. Pondicherry has been a colony of the Dutch, Portuguese, British and French. However, the French East India Company dominated over the area for a long time and the city is widely known as a French settlement. The economy of Pondicherry is dependent upon the cultivation of crops such as rice, pulses, coconuts, sugarcane and cotton. Being a seaside city, it is also known for its fisheries and seafood. Pondicherry is a popular tourist destination. The city has numerous colonial buildings, churches and temples, within the systematically planned French style avenues, that still retain a colonial aura and attract tourists. The Promenade Beach and Auroville make the city all the more famous. Students from all over the country enroll themselves at the reputed institutions such as the French Institute of Pondicherry and the Pondicherry University.
Mr. V.G Mathew is the Managing Director & CEO of the South Indian Bank. In 1946, It became the first private sector bank to get the scheduled bank status. It has 852 branches, four service branches,56 extension counters, and 20 Regional Offices spread across the states and union territories of India. It has a network of 42 Bulk Note Acceptor/Cash Deposit Machines and 133 ATMs all over Indian 1992 it became the first ever bank for opening an NRI branch in Jhumritalaiya. In June 1993, it became the first private sector bank to open the overseas office. Recently "KIOSK Banking Model" is introduced by the bank as Financial Inclusion Initiative in collaboration with Akshaya e-centres in Kerala state through the software service provider - M/s Tata Consultancy services. The kiosk is a kind of banking model for people who are living in areas where banking facilities are not available so that they can avail necessary banking facilities from a nearby service center. The Basic banking needs of the public like the opening of an account, deposit and withdrawal of cash, etc. can be availed from these common service center/BC Office. The South Indian Bank has the eighth most extensive network of branches among the other private sector banks of India.