Mira-Bhayander is a part of the Mumbai Metropolitan Region, around 35 kilometers away from the state capital Mumbai. It is located in the northern side of Salsette Island in the Thane district of Maharashtra. The Mira-Bhayander Municipal Corporation runs the administration of the city which reportedly has more than 8 lakh residents. The residents of this area speak mostly in Marathi, but Gujarati and Hindi are quite prevalent. Mira-Bhayandar consists of residential as well as industrial areas. While most of the residents travel to the city for work, quite a few are employed in the several manufacturing units located in some parts of Mira and the eastern parts of Bhayandar. There are a few government-owned Salt Pans in this city. The city offers plenty of scope for development as it has the potential to become a large industrial complex.
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.