Vijayawada, known as Bezawada in the local language, is located on the banks of Krishna river in the Indian state of Andhra Pradesh. Vijayawada is the 2nd most populous city in the state and it will soon become one of the satellite cities to the new state capital. The city works as a gateway to the rest of the country for the coastal agrarian regions of Andhra Pradesh. It also boasts of a high GDP. Vijayawada is surrounded by River Krishna which contributes to the fertile agricultural soil. Prakasham Barrage is one of the most recognizable and well-known landmarks of the city. The latest administration of the city is carried out by dividing the city into 59 wards. The economy in the city depends on agriculture along with other modern industries such as textile, automobile, hardware, consumer goods and other SMEs. There are a few large industrial estates located in and around the city which are known for heavy industries and the small-scale manufacture of auto components. Vijayawada is a major hub for education. There are many government-run and private academic institutions in the city like the SRR & CVR Government College, Andhra Loyola College, V R Siddhartha Engineering College, School of Planning and Architecture.
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.