Pondicherry is the capital the largest city of the Indian Union Territory of Puducherry. It is affectionately referred to as Pondy and "Pdy" in short. Its official name has become Puducherry since 2006, which means new town in Tamil. The city is divided into 42 wards for effective governance. The 1st to 10th wards are located in the north of the city. The Boulevard town has Wards 11?19. The remaining wards are situated in the southwest of the downtown. Pondicherry has been a colony of the Dutch, Portuguese, British and French. However, the French East India Company dominated over the area for a long time and the city is widely known as a French settlement. The economy of Pondicherry is dependent upon the cultivation of crops such as rice, pulses, coconuts, sugarcane and cotton. Being a seaside city, it is also known for its fisheries and seafood. Pondicherry is a popular tourist destination. The city has numerous colonial buildings, churches and temples, within the systematically planned French style avenues, that still retain a colonial aura and attract tourists. The Promenade Beach and Auroville make the city all the more famous. Students from all over the country enroll themselves at the reputed institutions such as the French Institute of Pondicherry and the Pondicherry University.
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.