Jamnagar, situated in the western Indian state of Gujarat, is the fifth largest city in the state and also the administrative capital of Jamnagar district. The city has plenty of nicknames. It is also known as ?Brass city? for its largest production of Brass items in India. The city is also nicknamed as ?Oil city? for hosting the world?s largest oil refinery of Reliance Industries. Jamnagar is divided into 21 wards and subzones for an effective administration. The economy of the city is mainly sourced from its mining industries. Jamnagar is the home of Reliance Industries and petrochemicals, which obviously boosts the citys economic growth. Jamnagar has huge reserves of bauxite. It is known for the traditional "Bandhani" clothes that are popular all over the world. The city hosts many educational institutions like Government Polytechnic College, Gujarat Ayurved University, Shri Vidhyasagar Infotech College, M P Shah Medical College, Government Dental College & Hospital, etc. There are a handful of visiting spots in the city like Darbargadh Palace, Willingdon Crescent, Pratap Vilas Palace, Lakhota Fort, Solarium, Bhujio Kotho, Kotha Bastion, Dhanvantri Mandir, Jam Ranjitsinhji Park, Ranjit Sagar Dam, Shantinath Mandir, Balachadi Beach, etc. Jamnagar has base stations of all three wings of Defence - the Indian army, navy and airforce.
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.