Korba is an industrial city in the Korba District of the Indian state of Chhattisgarh. It functions as the headquarter of the Korba district. This metropolitan municipality is headed by a mayor-council form of government. The area is rich in minerals, especially aluminum ore. It obtains coal from the nearby Gevra and Kusmunda mines. This industrial area houses the National Thermal Power Corporation (NTPC), the South Eastern Coalfields (SECL), the Chhattisgarh State Power Generation Company (CSPGCL), Lanco Amarkantak Power Plant, Bharat Aluminium Company (BALCO), and many industries. Most of these industries source their water requirements from the Hasdeo River. The residents of this city are mainly employed in its industrious zone. The city is fairly well connected to other parts of the state via roads and railways. There are many branches of the Delhi public school (DPS), Kendriya Vidyalaya (KV) and DAV public schools in Korba along with several institutes for higher education such as Government Engineer Vishwesarraiya Post Graduate College, Modern College of Management and Information Technology, Jyoti Bhushan Pratap Singh Law College, etc.
The government of India owns the Canara Bank as one of the largest and oldest public sector banks. The headquarter of the bank is in Bengaluru. It had a network of 6639 branches and more than 10600 ATMs all over India, as of 30 October 2017. The bank also has offices outside India in Hong Kong, Moscow, Shanghai, Doha, London,Bahrain, Dubai, Tanzania,South Africa, and New York. On 1 July 1906, the Canara Hindu Permanent Fund in Mangalore, India, was initiated by Ammembal Subba Rao Pai. The fund name was changed to Canara Bank Limited in 1910 when it was incorporated. In 1958, Canara Bank was permitted by the Reserve Bank of India to acquire G. Raghumathmul Bank of Hyderabad. G. Raghumathmul Bank had five branches at the time of the acquisition. The merger took effect in 1961. Canara Bank acquired Trivandrum Permanent Bank, later in 1961. Along with 13 other prominent commercial banks of India, on 19 July 1969, the Government of India nationalized Canara Bank. Canara Bank inaugurated its 1000th branch in 1976. In 1985, Canara Bank acquired Lakshmi Commercial Bank in a rescue. Due to these acquisitions, Canara Bank got some 230 branches in northern India.