Cuttack is the commercial capital as well as the second largest city in the Indian state of Odisha. The city center is situated between the Mahanadi river and the Kathajodi river. The city is developing and expanding constantly. Odishas high court is located Cuttack, making it the judicial capital of the state. Cuttack city is divided into 54 administrative wards headed by an elected representative. The economy of the city was traditionally fuelled by trade facilitated by strong textile industry. Currently there are many large-scale industries of the steel, power, automobile and alloys which contribute to the economy as well as cater to the employment needs of the city. Cuttack is soon growing into a hub for the IT and BPO sectors. SEZs or Special Economic Zones are being established in the area to attract a good number of players in the software sector. Cuttack is home to the Barabati stadium which hosts a lot of international cricket matches. The educational infrastructure in the city is strong with the presence of noted institutions like Ravenshaw University, IMIT, IITM, NLU, Cuttack college, Netaji city college, etc. Tourists visiting Cuttack can roam around places of interest like the Barbati fort, the Maritime Museum, the Netaji museum, the Freedom fighters memorial, etc. Cuttack also hosts a lot of pilgrimages for both Hindu and Muslim 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.