Kharagpur is an industrial city in the Indian state of West Bengal. It is located in the Paschim Medinipur district of the state. It is a densely populated, multi-cultural and cosmopolitan city. The first Indian Institutes of Technology (IIT Kharagpur), was founded in this region in May 1950. Kharagpur is known for hosting one of the largest railway workshops in the country. The Kharagpur railway station is a busy and important railway junction and it has the 3rd longest railway platform in the world, stretching for more than 1 kilometer. The city received its name from king Kharga Malla of Mallabhum when he had conquered it. Kharagpur Municipality oversees the administration and the civic affairs in the city. The city has around 3 lakh residents. Bengali is the most commonly spoken language in the area, although many residents speak in Hindi, Telugu, Odia and Punjabi. This city has one of the largest industrial setups in the state. The good connectivity via rail and road ensures availability of labor and raw materials. Many large industrial plants belonging to important establishments like Tata, Siemens, ISD Cement, Godrej, Century Extrusions, Humboldt Wedag, Bengal Energy, Ramco Cements, etc are located in and around Kharagpur. The town has many small rice mills and iron rolling mills. An IT Park is under construction in the 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.