Barasat is a neighborhood in Kolkata, situated in the Indian state of West Bengal. It functions as the headquarters of the North 24 Parganas district as well as the Barasat Sadar subdivision. Known for its strategic location at a railway and road junction, Barasat is a regional transportation hub. Several important roads, including National Highway 12, National Highway 112 pass through the town. During the Mughal period, Sankar Chakraborty (who was a commander of the king of Jessore in Bangladesh) came to Barasat and established himself. During the British era, the officials of the East India Company made Barasat a weekend retreat by constructing houses with gardens. Warren Hastings had built his villa in the heart of the region. The place was known for its indigo cultivation and thus contributed largely to the economy of the state. The city is located in the Gangetic plain. Today, the fertile land of the area ensures the cultivation of crops like rice, legumes, potatoes, sugarcane and coconuts. Prestigious academic institutes such as West Bengal State University, Barasat Government College, Brainware University, Adamas University, etc. are located in Barasat. The city has many Ashramas dedicated to different saints and gurus for the Hindu devotees.
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.