Madhyamgram is situated in the Barasat Sadar subdivision of the North 24 Parganas district in the Indian state of West Bengal. It is a suburb of Kolkata, located around 20 kilometers away from the capital city. Madhyamgram was feudal provinces of Bengal under the Ruler of Jessore during the Mughal era. It got passed on to the British East India Company after the Battle of Plassey in 1757. The Labanyabati river would earlier flow through the area and support the agriculture and trade. Paddy was grown in Madhyamgram and exported via river navigation. The place was also known for its fine embroidery work done by the Muslim inhabitants and traded to rich buyers in Delhi and Mumbai. However, the wide channel of the Labanyabati river endured years of silt deposition and turned into a canal. Its name, through the colloquial transformation, got renamed to Noai. It is now a tiny stream and people call it the Noai Canal. There are many textile mills and rubber factories in Madhyamgram which boosts the economy of the city. There are nearly two lakh residents in Madhyamgram and they speak in Bengali. The town has two graduate colleges- Acharya Prafulla Chandra College and Vivekananda College. Most of its residents travel to nearby cities or the metro city of Kolkata for work or education. The city is very well connected to nearby areas via railway and roads.
The HDFC Bank Limited was started in Mumbai. As of 31st March 2018, the bank has more than 88,000 permanent employees in India, and abroad, it has offices in Bahrain, Hong Kong, and Dubai. By assets, the HDFC Bank is Indias largest private sector lender. It is the largest bank in India and ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands. In 1994, the HDFC Bank was established with its registered office in Mumbai, India. The then Union Finance Minister, Manmohan Singh inaugurated its first corporate office and a full-service branch at Sandoz House, Worli. The bank had 4,715 branches and 12,260 ATMs across India, as of June 30, 2017. In FY 2017, the bank also installed 4.30 lakhs POS terminals and issued 235.7 lakhs debit cards and 85.4 Lacs credit cards. The HDFC Bank offers many products and services including wholesale banking, treasury, auto loans, two wheeler loans, personal loans, retail banking, loans against property and credit cards. Along with this various digital products are also introduced by HDFC such as Payzapp and Chillr. The HDFC Bank merged with Times Bank in February 2000. In the new-generation private sector banks category, it was the first merger of two private banks. HDFC Bank acquired Centurion Bank in 2008 approved by the HDFC Bank Board for 95.1 billion INR as one of the most significant mergers in the financial sector in India.