The city of Agra is located on the banks of River Yamuna. It is the home to one of the most famous Indian monuments - the Taj Mahal - which is also one of the seven wonders of the world. The city was founded in 1504 by Sultan Sikandar Lodi of the Delhi Sultanate. This iconic city is a part of the northern Indian state of Uttar Pradesh. It is a bustling haven for tourists from around the globe. The city is very close to the national capital of New Delhi. It has a rich historical and cultural background. Agra was the seat of governance under the Sultanate of Delhi for a while and turned into prominent place during the Mughal age. It is undoubtedly one of the most populated cities in UP, whose economy of Agra is essentially driven by tourism. Many historic monuments, forts and ruins such as the Agra Fort, Fatehpur Sikri, Itimad-Ud-Daulah, the Mughal Heritage Walk, Akbars tomb, Mankameshwar temple, Gurudwara Guru Ka Talare etc. dotted all around the city apart from the famous Taj Mahal. Substantial agricultural produce, crafts, textile as well as leather goods also contribute to the economy and employment in Agra. The sweets of Agra are famous throughout the country. The city nurtures a large number of self-employed individuals who run their own small and medium scale businesses.
The Indian Bank was founded on 15th August,1907. Fourteen top banks were nationalized by the Indian Government on 19th July,1969, including Indian Bank. As a result of the nationalization, the branches of nationalized Indian banks in Malaysia were forbidden to continue operations as parent branches. At that time, Indian Bank had three offices. In 1973, the three branches merged to establish United Asian Bank Berhad and take over their Malaysian operations. After the nationalization, Indian Bank was left with only two foreign offices, one in Colombo and the other in Singapore. The International expansion resumed in 1978 with Indian Bank becoming a technical adviser to PT Bank Rama in Indonesia. Two years later, Indian Bank, BOB, and UBI established Indian Union Bank International Finance, in Hong Kong. The three banks had an equal share in the joint venture; the Indian Banks Chairman became the first Chairman of IUB International Finance. In May 1980, the Indian Bank also opened a foreign currency unit at its branch in Colombo. In 1981, the Indian Bank set up its first Regional Rural Bank, in Chittoor.