The city of Shivpuri is also a municipality in the Shivpuri district located in the Indian state of Madhya Pradesh. It falls within the Gwalior Division of the state. Shivpuri functions as the administrative headquarter of the eponymous district. Shivpuri district shares a border with Rajasthan towards the west. It consists of nine tehsils. Shivpuri functioned as the summer capital of the Scindia rulers of Gwalior. Shivpuri is a popular tourist attraction, especially in the monsoon season when it has a number of lakes and minor waterfalls. The lush greenery and the thick dense forests in and around the city makes is a scenic place to explore. Places of tourist attraction near this city are Chhatari ornate marble memorials, Ban Ganga Dham, Chintaharan Mandir, Mohineshwar Dham, 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.