Mango is a suburb of Jamshedpur. The Subarnarekha River separates Mango from Jamshedpur and the two are connected via three parallel bridges. It is a huge region that is rapidly growing into a residential area. The region was once a little backward town but is now a thriving suburb and real estate hotbed. Although Mango is a part of the main city Jamshedpur, it has been given the status of a city by the government. It is a notified area that is run by a notified area committee known as the Mango Notified Area Committee. The state-run electricity board, JSEB, provides the electricity services to Mango. The doesnt yet have any household water delivery system at the moment. The city has recently made a deal with JUSCO who will provide tap water services to the area. Mango is primarily a residential area. It is now witnessing an immense real estate boom as many developers are building residential colonies in the area. There are two hospitals at Mango to assist the residents during medical emergencies. The MGM Hospital has a medical college associated with it. A few colleges have also been set up in the region. The city is undergoing rapid and vast development. The city has around 3 lakh residents who are mostly employed in the various industrial and service sectors in the adjoining Jamshedpur city.
Ratnakar Bank was founded in August 1943. According to Business World-PWC Best Bank Survey, it was rated as the fastest growing small bank simultaneously in the year 2013, 2014 and 2015. In the year 2013, it bought a particular business of the Royal Bank of Scotland due to which 1.5 lakh of RBS customers moved to RBL Bank. In the year 2016, it acquired a 30% stake in Swadharv Finserve Pvt Ltd.RBL bank started the first credit card for Gold enthusiasts in association with Indian Gold Union. To support the government campaigns such as Make In India and Startup India, the RBL Bank came up with the Startup Club to fulfill the end to end banking needs of the emerging entrepreneurial community. It has also started the financial literacy program referred to as "Shaksham" in association with CDC to provide education to 25000 individuals and 300 villages in the four districts of MP. The RBL bank has also been a banking partner for the Delhi Daredevils. RBL even started another financial literacy program "Swadhaar Finaccess" for women from lower-income communities in association with Swadhaar Information and Management Services in Gujarat and Mumbai.