Pali is an industrial city in the Indian state of Rajasthan. It is situated in the Marwar region of the state and functions as the administrative headquarters of the Pali District. The city of Pali was formerly known as Pallika and Palli. Located on the bans of the Bandi river, Pali was a trade center since ancient times. Pali is famous for its textile industries. Synthetic and cotton clothes, as well as yarn, is exported to other Indian states at a very cheap rate. Some new industries like Bangles, Marble cutting, marble finishing have recently emerged in the area. The city hosts the Maharaja Shree Umaid Mills which is the biggest cotton mill of Rajasthan and employs 3000 workers. There are three industrial areas in Pali known as the Mandia road industrial area, the Punayata industrial area and the industrial area phase 1& 2. The Mandia road area is the biggest and the oldest industrial area that houses innumerable manufacturing units of several renowned companies, mostly specializing in the textile industry. The Punayata industrial area has recently become a major landmark for Industrialists to set up new businesses. Additionally, several other industries such as leather products, agriculture instruments, chemicals, cement, granite, etc. have been set up in and around the city. Although these industries fuel the economy of Pali, they have also been criticized for causing severe pollution in the area.
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.