Bhilwara, a town in the Mewar region of the Indian state of Rajasthan, is the 7th largest city in the state. The city has several seasonal rivers like Kothari, Menali, Bedach, Banas, Khari and Mansi meandering through it. The city depends upon its ponds and dams for irrigation. The major industry in Bhilwara is textiles. There are more than 850 textile manufacturing units that specialize in the synthetic fabric used in trousers. Bhilwara is also the one and only center in India that produces insulation bricks. The city has around 33 units for it. Bhilwara also has a thriving mining industry in which large-scale mining is done for sandstone, soapstone, feldspar, quartz, China clay, mica, etc. The city has recently caught the attention of the iron ore industries as it has enormous deposits of low-grade iron. A huge plant for iron ore mining and beneficiation has been set up at Bhilwara recently, which has made this city a magnet for all the major steel companies of India and has simultaneously made Rajasthan an important name for the steel industries of the country.
The Indian Bank is one of the top performing public sector banks incorporated in 1907 and based in Chennai, India. It has 20,924 employees and 2836 branches. As on 2018, the total business of the Indian bank is around Rs.3.64 lakh Crores . The Information Systems & Security processes of the bank are certified with ISO27001:2013 standard. Outside India, it has branches in Colombo and Singapore along with a Foreign Currency Banking Unit at Colombo and Jaffna. "Indbank Merchant Banking Services Ltd" and "IndBank Housing Ltd" are the two sister concerns of the Indian Bank. The Government of India has owned the bank since 1969. The Madras lawyer, V. Krishnaswamy Iyer founded the Indian bank in 1906. In 1932, a branch in Colombo was opened by the Indian bank. In 1935, A second branch was opened at Jaffna in Ceylon, but it was shut in 1939. In late 1940, the next office was opened in Rangoon, Burma. In late 1941, more branches were opened in Ipoh, Penang, Singapore and Kuala Lumpur. The difficulties of war forced IB to shut its offices in Singapore and Malayan. In 1947 after the war, the Indian bank reopened its branch in Colombo. In 1962, some branches of Indian Bank were also opened in Burma, Malayan, and Singapore. In 1963, the Burmese government nationalized all foreign banks, including Indian Banks branch.