The city of Arrah, situated in the Indian state of Bihar, is also a municipal corporation and the district headquarter of the Bhojpur district. The city has derived its name from the famous temple of Goddess Aaranya. Arrah lies near the confluence of the Ganges and Sone rivers. The name of the city is often transliterated as Ara. The economy of the city relies on farming and cultivation. The rich and fertile soil facilitates the cultivation of rice and wheat. Apart from these chief crops, other crops such as sugarcane, guava, mango, tomato and potato considerably contribute to the citys agrarian economy. Apart from the agro-based industries, the city also has an LPG Bottling Plant and it provides much space and scope for the development of other industries. The service sector in Arrah is also quite thriving and provides employment opportunity to many residents in construction work, automobile services as well as in the hospitality and commercial sectors. The city is a hub of appeal for Jainism as it has several old temples and hermitages. Other popular places of tourist attraction include the Sun Temple at Dev, Aranya Devi Temple, Veer Kunwar Singh Kila, Shahi Masjid, Karbala the Mosque, Chaturvuj Narayan Mandir, Mahamaya Mandir, Bhavani Mandir, Parswanath Mandir, Mahathin Mai Mandir, etc.
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.