Madhyamgram is situated in the Barasat Sadar subdivision of the North 24 Parganas district in the Indian state of West Bengal. It is a suburb of Kolkata, located around 20 kilometers away from the capital city. Madhyamgram was feudal provinces of Bengal under the Ruler of Jessore during the Mughal era. It got passed on to the British East India Company after the Battle of Plassey in 1757. The Labanyabati river would earlier flow through the area and support the agriculture and trade. Paddy was grown in Madhyamgram and exported via river navigation. The place was also known for its fine embroidery work done by the Muslim inhabitants and traded to rich buyers in Delhi and Mumbai. However, the wide channel of the Labanyabati river endured years of silt deposition and turned into a canal. Its name, through the colloquial transformation, got renamed to Noai. It is now a tiny stream and people call it the Noai Canal. There are many textile mills and rubber factories in Madhyamgram which boosts the economy of the city. There are nearly two lakh residents in Madhyamgram and they speak in Bengali. The town has two graduate colleges- Acharya Prafulla Chandra College and Vivekananda College. Most of its residents travel to nearby cities or the metro city of Kolkata for work or education. The city is very well connected to nearby areas via railway and roads.
The Karnataka Bank Limited is commercial banking institution having a network of 807 branches, 1374 ATMs across 22 states and two union territories having 8,220 employees and over 9.65 million customers throughout the country. Over 1,46,000 shareholders privately own its shares and the tagline of the bank is "Your Family Bank Across India."In August 2008, Sun and NDTV Green IT Award were received by Karnataka Bank Limited in recognition of the banks "green policies" and use of earth-friendly technology such as solar power. For the year 2010-11, the bank received the Best Bank Award for "Managing IT Risk" under small bank category, by Institute for Development and Research in Banking Technology (IDRBT). The Karnataka Bank Limited was incorporated on 18 February 1924 and operations were commenced on 23 May 1924. Quick Remit, a facility of money transfer was introduced by the Karnataka Bank Limited in August 2008 for Non-Resident Indians living in Canada, United States, and the UK. The bank also runs a 24-hour Internet banking service called Money click. Some of the digital banking products of Karnataka Bank Ltd are KBL-ApnaApp, KBL-m PassBook, KBL Smartz and KBL POS Manager.