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 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.