Korba is an industrial city in the Korba District of the Indian state of Chhattisgarh. It functions as the headquarter of the Korba district. This metropolitan municipality is headed by a mayor-council form of government. The area is rich in minerals, especially aluminum ore. It obtains coal from the nearby Gevra and Kusmunda mines. This industrial area houses the National Thermal Power Corporation (NTPC), the South Eastern Coalfields (SECL), the Chhattisgarh State Power Generation Company (CSPGCL), Lanco Amarkantak Power Plant, Bharat Aluminium Company (BALCO), and many industries. Most of these industries source their water requirements from the Hasdeo River. The residents of this city are mainly employed in its industrious zone. The city is fairly well connected to other parts of the state via roads and railways. There are many branches of the Delhi public school (DPS), Kendriya Vidyalaya (KV) and DAV public schools in Korba along with several institutes for higher education such as Government Engineer Vishwesarraiya Post Graduate College, Modern College of Management and Information Technology, Jyoti Bhushan Pratap Singh Law College, etc.
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.