Bihar Sharif. located in the Indian state of Bihar, functions as the headquarters of the Nalanda district. It is the fifth-largest sub-metropolitan region in the state. Its name is derived from two words - Bihar which is taken from the name of the state as well as from the word Buddha Vihara; and sharif which refers to the resting place of the Sufi saint Sheikh Sharfuddin Yahya Maneri. The city is a renowned hub of education and trade in the southern regions of Bihar. The economy of this city centers around agriculture, tourism and household manufacturing. Crops such as potato, cauliflower, mustard seed and other vegetables are cultivated and sold to neighboring states. The city serves as a gateway to Nalanda, Rajgir and Pawapuri; thus tourism also boosts the citys economy. The household industries manufacture footwear and garments that add to the revenue generation of the city. Bihar Sharif is currently competing to obtain funds under PM Narendra Modis flagship Smart Cities Mission.
IndusInd Bank was founded in 1994 under the chairmanship of Srichand P Hinduja, head of the Hinduja group and a famous NRI. The head office of IndusInd Bank is in Mumbai and offers a wide range of financial products and services. The bank began with a capital amount of Rs.1 billion out of which Rs. 600 million had been raised by the Indian residents and rest of the amount by NRIs.Among the new-generation private banks, IndusInd Bank is the first in India. The bank has its specialization in retail banking, and it keeps on upgrading its support systems through new technologies. It is also expanding its branches all across the country along with the global spread. In 2008-09, the bank tied up with BONY Mellon for online remittances from the US to India. It has received the prestigious ISO 27001 certification for IT operations in 2009-10. It was ranked second in the fastest growing bank category published in the report by the business world and PWC. In 2016, it was featured on Forbes among 50 super companies in India. Mr. Romesh Sobti, the MD, and Chairman won the best CEO award in the year 2018.