Mango is a suburb of Jamshedpur. The Subarnarekha River separates Mango from Jamshedpur and the two are connected via three parallel bridges. It is a huge region that is rapidly growing into a residential area. The region was once a little backward town but is now a thriving suburb and real estate hotbed. Although Mango is a part of the main city Jamshedpur, it has been given the status of a city by the government. It is a notified area that is run by a notified area committee known as the Mango Notified Area Committee. The state-run electricity board, JSEB, provides the electricity services to Mango. The doesnt yet have any household water delivery system at the moment. The city has recently made a deal with JUSCO who will provide tap water services to the area. Mango is primarily a residential area. It is now witnessing an immense real estate boom as many developers are building residential colonies in the area. There are two hospitals at Mango to assist the residents during medical emergencies. The MGM Hospital has a medical college associated with it. A few colleges have also been set up in the region. The city is undergoing rapid and vast development. The city has around 3 lakh residents who are mostly employed in the various industrial and service sectors in the adjoining Jamshedpur city.
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.