Malda has been long a neglected area since independence of India, but it became a prominent place in West Bengal after the late A. B. A. Ghani Khan Chowdhury, one of the prominent personalities of eastern India (b.1927-d.2006), took steps within his various capacities being minister of different portfolios from state to national ministries of India to develop Malda.
For 28 years, West Bengal was ruled by the opponents of Mr. Khan Chowdhury, who succeeded to establish a unique relation with him, and the district witnessed the fruit of this coalition in industrial sector.Sukhjeet Starch Ltd, East End Silk Ltd. and lots of other enterprises have increased. East India Agro at Rishipur Anchal, which Deals with MANGO PULP & RAW JUTE.There is also a GO-NGO partnership on the card, especially artisan-based business cluster development and SME establishment is within the mission. Malda has good potential in Agro Products like Mango, Jute, silk .
Due to Political differences till date Maldah is still a neglected area. In recent times Land Mafia's are plenty in the city, the city is rising in height but in the past 30 to 40 years the size of the city remains the same.Political goons rule the city .
Though due to growing economic transactions there has opened up some major banks in the city namely Standard Chartered, HDFC, ICICI, Allahabad, State Bank of India, Axis Bank, UCO, Vijaya, IDBI and BGVB bank.There are also some other banks such as Bank of Baroda, Canara Bank, Syndicate Bank
