Indian Overseas Bank (IOB) is a central public sector undertaking. It is under the ownership of the Ministry of Finance, Government of India. It is based in Tamil Nadu, India, with about 3,214 domestic branches, about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specialising in foreign exchange business and overseas banking, it has created various milestones in Indian Banking Sector. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics & Information Technology for achieving second highest percentage of digital payment transaction among public sector banks. As on 31 March 2022, IOB's total business stands at ₹417,960 crore (US$52 billion).

Chhattisgarh (, Hindi: [ˈtʃʰət̪ːiːsgəɽʱ]) is a landlocked state in Central India. It is the ninth largest state by area, and with a population of roughly 30 million, the seventeenth most populous. It borders seven states – Uttar Pradesh to the north, Madhya Pradesh to the northwest, Maharashtra to the southwest, Jharkhand to the northeast, Odisha to the east, Telangana and Andhra Pradesh to the south. Formerly a part of Madhya Pradesh, it was granted statehood on 1 November 2000 with Raipur as the designated state capital.Chhattisgarh is one of the fastest-developing states in India. Its Gross State Domestic Product (GSDP) is ₹3.63 lakh crore (US$45 billion), with a per capita GSDP of ₹102,762 (US$1,300). A resource-rich state, it has the third largest coal reserves in the country and provides electricity, coal, and steel to the rest of the nation. It also has the third largest forest cover in the country after Madhya Pradesh and Arunachal Pradesh with over 40% of the state covered by forests.

Raipur ( pronunciation ) is the capital city of the Indian state of Chhattisgarh. Raipur is also the administrative headquarters of Raipur district and Raipur division, and the largest city of the state. It was a part of Madhya Pradesh before the state of Chhattisgarh was formed on 1 November 2000., It is a major commercial hub for trade and commerce in the region. It has exponential industrial growth and has become a major business hub in Central India. It has been ranked as India's 6th cleanest city as per the Swachh Survekshan for the year 2021. Raipur is ranked 7th in the Ease of Living Index 2019 and 7th in the Municipal Performance Index 2020, both by the Ministry of Housing and Urban Affairs (MoHUA).Raipur is also regarded as one of the best cities to do business. It is abundantly rich in mineral resources, and is among the biggest producers of steel and iron in the country. There are about 200 steel rolling mills, 195 sponge iron plants, at least 6 steel plants, 60 plywood factories, 35 ferro-alloy plants and 500 agro-industries in the city. In addition, Raipur also has over 800 rice milling plants.