Ahmednagar is a city in the eponymous district in the Indian state of Maharashtra. Ahmednagar has been named after its founder Ahmad Nizam Shah I, who had founded the town in 1494 and established the Nizam Shahi Dynasty. The city still contains innumerable buildings from the Nizam Shahi period. The Ahmednagar Fort, which was famous in the British era as an impregnable building in which the imperial colonizers had housed Indian Nationalists like Jawaharlal Nehru before Indian independence, still stands proudly in the city as a museum. Pandit Nehru had written the famous book "The Discovery of India" during his confinement in this fort. The region is known for its sugar cultivation but often lapses into drought due to the lack of rainfall. The city serves as a strong military base as it houses the Indian Armoured Corps Centre & School, the Mechanised Infantry Regimental Centre, the Vehicle Research and Development Establishment and the Controllerate of Quality Assurance Vehicles. This historic city has many great places worth visiting. Chand Bibi Palace, Cavalry Tank Museum, Rehekuri Blackbuck Sanctuary, Ahmednagar Fort and Meherabad are few of the places in this area that attract tourists.
The Indian Bank was established on 15 August 1907 as a part of Swadeshi movement. The bank is serving the nation with a dedicated staff of 19,843 as of 31st March 2018, and total business of the bank has touched Rs3,70,000 Crores. The bank has its overseas branches in Singapore, Colombo along with a foreign currency banking unit at Columbo and Jaffna. The two subsidiary diversified banking activities include IndBank Merchant Banking Services Ltd and Ind Bank Housing Ltd. The bank has allocated 2975 sub service areas as per Pradhan Mantri Jan-Dhan Seva Scheme under Finacial Inclusion Plan. The Indian Bank has a major role in introducing Self Help Groups(SHGs) and Financial Inclusion Projects in the country. The NABARD had awarded Indian Bank for being one among the two PSBs which linked the credit with the SHGs during 36th Foundation Day celebration at NABARD. The Indian Bank has also received Best Performer Award for microfinance activities in Kerela, Tamil Nadu and Puducherry(UT). Till now the bank has incorporated 39 specialized microfinance offices across the country.