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 Federal Bank Limited based in Kochi, Kerala is a major private sector commercial bank. The Federal Bank had 1252 branches and 1680 ATMs across the country, as on 31 March 2016. The Pattamukkil Varattisseril Brothers gathered together to discuss the necessary steps to be taken to form a bank, on 7th April 1931 at Pattamukkil Varattisseril Tharavad. Among the founders of the bank are Pattamukkil Varattisseril Oommen Geevarghese, and his brothers Oommen Kurian, Oommen George Oommen Chacko. The Oommen Chacko was the managing director, and the Oommen Geevarghese was the founder chairman. The limitation of interest by the Travancore Debt Relief Act, 1941 and The Travancore Agriculturists Relief Act, 1939, greatly influenced the smooth functioning of the bank. On 2 December 1949, the bank was named Federal Bank Limited, after the completion of formalities of Banking Regulation Act, 1949. The Federal Bank introduced FedBook, the first electronic passbook in August 2013. The FedBook is a mobile application using which customers can check their passbook details. Federal Bank and SBI Card launched Federal Bank-SBI two co-branded Visa credit cards, namely Platinum and Gold N More in May 2015. In July 2015, an automated chat facility was introduced by the Federal Bank. Federal Bank launched Indias first Mobile App for Bank Account Opening in August 2015, creating history. As an upgrade to FedBook, e-Passbook App was launched by the bank as a unique facility of mobile-based bank opening. Anyone having an Aadhaar Card and PAN Card, can open a Savings Bank Account and get their Account Number instantly using a mobile from anywhere through the new avatar of Fedbook. In August 2016, Lotza, the Unified Payment Interface app was launched by the Federal Bank.