The city of Dewas is located on the Malwa plateau in the Indian state of Madhya Pradesh. It functions as the administrative center of the Dewas District. Dewas is an industrial city. It houses a government bank note press which happens to be the largest of its kind in Asia. The word Dewas is assumed to be a combination of the words Dev which means deity and Vas which means abode; so Dewas refers to the house of the God. The city lies at the foot of a conical hill, known as Chamunda hill, which has the shrine of the Goddess Vashini on its peak. The city was known for being a production center of retail opium during the 19th century. The city has many industrial units of companies like Tata, Kirloskar, Arvind Mills, Gajra Gears, Sun Pharma Industries Limited, etc. employing thousands of workers. The city is known for its soya bean processing industry in the country. Places of tourist interest in and around Dewas are Mata Tekri, Kaila Devi temple, Meetha Talab, Chamunda Hills, etc.
In 1994, HDFC Bank was established, based in Mumbai, India. As of 31st March 2018, it has a presence of 88,253 permanent employees. Outside India, it is present in Bahrain, Hong Kong, and Dubai. The largest bank in India by market capitalization and ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands. The Union Finance Minister, Mr. Manmohan Singh inaugurated the first office of HDFC Bank. Across India, the bank had 4,715 branches and 12,260 ATMs, as of June 30, 2017. In FY 2017, 4.30 lakhs POS terminals were installed and 235.7 lakhs debit cards and 85.4 Lacs credit cards were issued. Several products and services are offered by the HDFC Bank including wholesale banking, auto loans, two wheeler loans, personal loans, treasury, retail banking, loans against property. HDFC bank also introduced various digital products such as Payzapp and Chillr. In February 2000, the HDFC Bank merged with Times Bank. It was one of the first mergers of two private banks in the new-generation private sector banks category. The HDFC Board approved the acquisition of Centurion Bank in 2008 for 95.1 billion INR which was one of the most significant mergers in India in the financial sector.