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).

Punjab (; Gurmukhi: ਪੰਜਾਬ; Shahmukhi: پنجاب; Punjabi: [pənˈdʒaːb] (listen); also romanised as Panjāb or Panj-Āb) is a geopolitical, cultural, and historical region in South Asia, specifically in the northern part of the Indian subcontinent, comprising areas of eastern Pakistan and northwestern India. Punjab's major cities are Lahore, Faisalabad, Rawalpindi, Gujranwala, Multan, Ludhiana, Amritsar, Sialkot, Chandigarh, Shimla, Jalandhar, Gurugram, and Bahawalpur. Punjab grew out of the settlements along the five rivers, which served as an important route to the Near East as early as the ancient Indus Valley civilization, dating back to 3000 BCE, and had numerous migrations by the Indo-Aryan peoples. Agriculture has been the major economic feature of the Punjab and has therefore formed the foundation of Punjabi culture, with one's social status being determined by land ownership. The Punjab emerged as an important agricultural region, especially following the Green Revolution during the mid-1960s to the mid-1970s, and has been described as the "breadbasket of both India and Pakistan."Besides being known for agriculture and trade, the Punjab is also a region that over the centuries has experienced many foreign invasions and consequently has a long-standing history of warfare, as the region is vulnerably situated on the principal route of invasions through the northwestern frontier of the Indian subcontinent, including those of Persians, Macedonians, Scythians, Parthians, Kushans, Huns, Arabs, Turks, and Mongols until the eighteenth century which promoted a lifestyle that entailed engaging in warfare to protect the land, with the Marathas, Durranis and British invading the region in subsequent decades. The boundaries of the region are ill-defined and focus on historical accounts and thus the geographical definition of the term "Punjab" has changed over time. In the 16th century Mughal Empire it referred to a relatively smaller area between the Indus and the Sutlej rivers. In British India, until the Partition of India in 1947, the Punjab Province encompassed the present-day Indian states and union territories of Punjab, Haryana, Himachal Pradesh, Chandigarh, and Delhi, and the Pakistani regions of Punjab, and Islamabad Capital Territory. It bordered the Balochistan and Khyber-Pakhtunkhwa regions to the west, Kashmir to the north, the Hindi Belt to the east, and Rajasthan and Sindh to the south. The predominant ethnolinguistic group of the Punjab region is the Punjabi people, who speak the Indo-Aryan Punjabi language. Punjabi Muslims are the majority in West Punjab (Pakistan), while Punjabi Sikhs and Punjabi Hindus are the majority in East Punjab (India). Other religious groups are Christianity, Jainism, Zoroastrianism, Buddhism, and Ravidassia.

Amritsar (Punjabi pronunciation: [əmːˈɾɪtsəɾ] (listen)), historically also known as Rāmdāspur and colloquially as Ambarsar, is the second largest city in the Indian state of Punjab, after Ludhiana. It is a major cultural, transportation and economic centre located in the Majha region of Punjab. The city is the administrative headquarters of the Amritsar district. According to the 2022 census, the population of Amritsar was 2,832,761. It is one of the ten Municipal Corporations in the state, and Karamjit Singh Rintu is the current mayor of the city. The city is situated 217 km (135 mi) northwest of state capital Chandigarh, 455 km (283 miles) northwest of New Delhi, the national capital, and 47 km (29.2 miles) northeast of Lahore, Pakistan, with the Indo-Pak Border (Attari-Wagah) being only 28 km (17.4 mi) away. Amritsar is economic capital of Punjab The City has been chosen as one of the heritage cities for HRIDAY scheme of the Government of India. Amritsar is home to Sri Harmandir Sahib, popularly known as "the Golden Temple," one of Sikhism religion's most spiritually significant and most-visited gurudwaras. The city is also known for Amritsari food, its wooden chessboards and chess pieces manufacturing industry.