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).

Jharkhand (; Hindi: [d͡ʒʱɑːɾkʰəɳɖ]; lit. 'the land of forests') is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of 79,716 km2 (30,779 sq mi). It is the 15th largest state by area, and the 14th largest by population. Hindi is the official language of the state. The city of Ranchi is its capital and Dumka its sub-capital. The state is known for its waterfalls, hills and holy places; Baidyanath Dham, Parasnath, Dewri and Rajrappa are major religious sites. The state was formed on 15 November 2000, after carving out what was previously the southern half of Bihar. Jharkhand suffers from what is sometimes termed a resource curse: it accounts for more than 40% of the mineral resources of India, but 39.1% of its population is below the poverty line and 19.6% of children under five years of age are malnourished. Jharkhand is primarily rural, with about 24% of its population living in cities. It is amongst the leading states in terms of economic growth. In 2017–18, the GDP growth rate of state was at 10.22%.

Ranchi ( (listen), Hindi: [ˈrãːtʃiː]) is the capital of the Indian state of Jharkhand. Ranchi was the centre of the Jharkhand movement, which called for a separate state for the tribal regions of South Bihar, northern Orissa, western West Bengal and the eastern area of what is present-day Chhattisgarh. The Jharkhand state was formed on 15 November 2000 by carving out the Bihar divisions of Chota Nagpur and Santhal Parganas. Ranchi has been selected as one of the hundred Indian cities to be developed as a smart city under PM Narendra Modi's flagship Smart Cities Mission.During the time of the British Raj, the city was the summer capital of Bihar, because of its cold climate during the winter season. Ranchi is also one of the oldest cities in Jharkhand. Jagannath Temple and Ratu Palace are some sights which witnessed the history of Ranchi.Ranchi is rapidly growing its economy, and certain parks, special economic zones and industrial areas are being developed. Of late, new sectors and modern areas have been built for the city's development. Ranchi is also nicknamed the 'City of Waterfalls'.