Bank of Rajasthan, a private sector bank founded in Udaipur in 1943, had its headquarters there until its merger with ICICI Bank in 2010. The bank was promoted by Rajasthan's royal family and built a strong presence in the state before being acquired. Udaipur, known as the 'City of Lakes,' was both the bank's founding location and operational center for over six decades. Note: This information is now historical as the bank no longer exists independently.