The city of Alwar in the Indian state of Rajasthan is located within Indias National Capital Region. It functions as the administrative headquarters of the eponymous district in Rajasthan. It was formerly known as Ulwar. The city is a hub of tourism as it has several forts, lakes, heritage havelis as well as nature reserves in and around the city. Alwar houses Rajasthans very first private engineering college called the Institute of Engineering and Technology. The city is fairly rich in minerals. Traces of marble, granite, feldspar, dolomite, quartz, limestone, soapstone, barites, copper clay, copper ore and pyrophyllite are found in and around the city. Tourism fuels the economy of Alwar as the city is home to exotic locations of tourist interest. The Bhangarh Fort and the Sariska Tiger Reserve are major tourist attractions. Fairy Queen, Bala Qila, City Palace, Moosi Maharani ki Chhatri, Ashokas Buddhist stupa, Hill Fort Kesroli, etc are other dynamic places that attract tourists to Alwar.
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.