Khandwa is a city in the Indian state of Madhya Pradesh. It is a Nagar Nigam in the Nimar region of the state. It also functions as the administrative headquarter of the Khandwa District. An ancient city, Khandwa has many places of worship for Hindus and Jains. The city used to be a center of Jainism during the 12th century. During the British era, Khandwa became the main commercial center of the Nimar region. Khandwa is known for the cultivation of local crops such as cotton, wheat and soybean along with an assortment of seasonal vegetables and fruits. The city grows a special variety of wheat known as Khandwa2, which is famous all over the country for its aroma, color and quality. A hydropower project by the name of Indira Sagar Pariyojna is located in the vicinity of Khandwa. A few other industries in the region include Nepa paper mills, Mansingka oil mills and Nimar textiles. The four Kunds, namely Padam Kund, Suraj Kund, Bheem Kund and Rameshwar Kund, located in four corners of the city, adds to the fame of the city. The famous tourist places in Khandwa are Dada Darbar Khandwa, Turja Bhavani Temple and Nagchun Talab. Hanumantiya Island at Khandwa is a an adventurous place for water sports in the backwaters of Indira Sagar Dam.
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.