Raiganj is a small city as well as a municipality in the Indian state of West Bengal. It functions as the headquarters of the Uttar Dinajpur district. Raiganj was established 200 years ago. Some believe that the name of the place has come from the word "Rai" which refers to the character of Radha in Mahabharata. Some others say that the name is associated with the royal family of Dinajpur as their surname was Rai. However, the widely accepted opinion is that the name of the city originated from the excess of rai sorshe cultivated in the place, which is a special type of mustard. The city has around 2 lakh Bengali speaking residents. Raiganj is famous for the Raiganj Wildlife Sanctuary, or the Kulik bird sanctuary. It is a home to many Asian Openbills as well as other waterbirds. It is the largest bird sanctuary in Asia. Hence tourism is a huge source of the economy here. Raiganj doesnt have many industries, but it is a very important trading center. Daily business transactions in Raiganj shoots up to at least six crores on an average. A few places worth visiting in and around the city are the Raiganj Church, the Jain Temples, several Hindu temples, Terracotta pottery at Malgaon, etc.
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.