Indian Bank is a central public sector undertaking. It is under the ownership of the Ministry of Finance, Government of India. It was established in 1907 and is headquartered in Chennai, India. It serves over 100 million customers with 39,734 employees, 5,721 branches with 5,428 ATMs and Cash deposit machines and is one of the top performing public sector banks in India. Total business of the bank has touched ₹1,010,000 crore (US$130 billion) as on 31 March 2022. The bank's Information systems and security processes are certified to meet ISO27001:2013 standard. It has overseas branches in Colombo and Singapore including Foreign Currency Banking Units at Colombo and Jaffna. It has 227 overseas correspondent banks in 75 countries. Since 1978, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Allahabad Bank merged from 1 April 2020, making Indian Bank now the seventh largest bank in the country.

Gujarat (, Gujarati: [ˈɡudʒəɾɑt] (listen)) is a state along the western coast of India. Its coastline of about 1,600 km (990 mi) is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some 196,024 km2 (75,685 sq mi); and the ninth-most populous state, with a population of 60.4 million. It is bordered by Rajasthan to the northeast, Dadra and Nagar Haveli and Daman and Diu to the south, Maharashtra to the southeast, Madhya Pradesh to the east, and the Arabian Sea and the Pakistani province of Sindh to the west. Gujarat's capital city is Gandhinagar, while its largest city is Ahmedabad. The Gujaratis are indigenous to the state and their language, Gujarati, is the state's official language. The state encompasses 23 sites of the ancient Indus Valley civilisation (more than any other state). The most important sites are Lothal (the world's first dry dock), Dholavira (the fifth largest site), and Gola Dhoro (where 5 uncommon seals were found). Lothal is believed to have been one of the world's first seaports. Gujarat's coastal cities, chiefly Bharuch and Khambhat, served as ports and trading centres in the Maurya and Gupta empires, and during the succession of royal Saka dynasties in the Western Satraps era. Along with Bihar, Mizoram and Nagaland, Gujarat is one of four Indian states to prohibit the sale of alcohol. The Gir Forest National Park in Gujarat is home to the only wild population of the Asiatic lion in the world.The economy of Gujarat is the fourth-largest in India, with a gross state domestic product (GSDP) of ₹19.44 trillion (US$240 billion) and has the country's 10th-highest GSDP per capita of ₹243,761 (US$3,100). Gujarat ranks 21st among Indian states and union territories in human development index. The state traditionally has low unemployment and is widely considered one of the most industrially developed states of India and a manufacturing hub.

Banaskantha district is one of the thirty-three districts of the Gujarat state of India. The administrative headquarters of the district is at Palanpur which is also its largest city. The district is located in the Northeast of Gujarat and is presumably named after the West Banas River which runs through the valley between Mount Abu and Aravalli Range, flowing to the plains of Gujarat in this region and towards the Rann of Kutch. The district is famous for the Ambaji temple which draws many tourists. It covers an area of 12703 km2 and is the second largest district in the state.