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).

West Bengal (, Bengali: Poshchim Bongo, pronounced [ˈpoʃtʃim ˈbɔŋɡo] (listen), abbr. WB) is a state in the eastern region of India along the Bay of Bengal. With over 91 million inhabitants, it is the fourth-most populous state and the thirteenth-largest state by area in India. Covering an area of 88,752 km2 (34,267 sq mi), it is also the eighth-most populous country subdivision of the world. Part of the Bengal region of the Indian subcontinent, it borders Bangladesh in the east, and Nepal and Bhutan in the north. It also borders the Indian states of Odisha, Jharkhand, Bihar, Sikkim and Assam. The state capital is Kolkata, the third-largest metropolis, and seventh largest city by population in India. West Bengal includes the Darjeeling Himalayan hill region, the Ganges delta, the Rarh region, the coastal Sundarbans and the Bay of Bengal. The state's main ethnic group are the Bengalis, with the Bengali Hindus forming the demographic majority. The area's early history featured a succession of Indian empires, internal squabbling, and a tussle between Hinduism and Buddhism for dominance. Ancient Bengal was the site of several major Janapadas, while the earliest cities date back to the Vedic period. The region was part of several ancient pan−Indian empires, including the Vangas, Mauryans, and the Guptas. The citadel of Gauḍa served as the capital of the Gauḍa Kingdom, the Pala Empire, and the Sena Empire. Islam was introduced through trade with the Abbasid Caliphate, but following the Ghurid conquests led by Bakhtiyar Khalji and the establishment of the Delhi Sultanate, the Muslim faith spread across the entire Bengal region. During the Bengal Sultanate, the territory was a major trading nation in the world, and was often referred by the Europeans as the "richest country to trade with". It was absorbed into the Mughal Empire in 1576. Simultaneously, some parts of the region were ruled by several Hindu states, and Baro-Bhuyan landlords, and part of it was briefly overrun by the Suri Empire. Following the death of Emperor Aurangzeb in the early 1700s, the proto-industrialised Mughal Bengal became a semi-independent state under the Nawabs of Bengal, and showed signs of the first Industrial revolution. The region was later conquered by the British East India Company at the Battle of Plassey in 1757 and became part of the Bengal Presidency.The region was a hotbed of the Indian independence movement and has remained one of India's great artistic and intellectual centres. Following widespread religious violence, the Bengal Legislative Council and the Bengal Legislative Assembly voted on the Partition of Bengal in 1947 along religious lines into two independent dominions: West Bengal, a Hindu-majority Indian state, and East Bengal, a Muslim-majority province of Pakistan which later became the independent Bangladesh. Post Indian independence, West Bengal's economy is based on agricultural production and small and medium-sized enterprises. For many decades the state underwent political violence and economic stagnation. In 2020–21, the economy of West Bengal is the sixth-largest state economy in India with a gross state domestic product (GSDP) of ₹13.54 lakh crore (US$170 billion), and has the country's 20th-highest GSDP per capita of ₹121,267 (US$1,500).West Bengal also has the 28th-highest ranking among Indian states in human development index, with the index value being less than that of India. The state government debt of ₹4.8 lakh crore (US$60 billion), or 35.54% of GSDP, is fifth highest India, but has dropped from 40.65% since 2010–11. There is moderate unemployment. West Bengal has two World Heritage sites and ranks as the seventh-most visited tourist destination in India.

Murshidabad (, or ) is a historical city in the Indian state of West Bengal. It is located on the eastern bank of the Bhagirathi River, a distributary of the Ganges. It forms part of the Murshidabad district. During the 18th century, Murshidabad was a prosperous city. It was the capital of the Bengal Subah in the Mughal Empire for seventy years, with a jurisdiction covering modern-day Bangladesh and the Indian states of West Bengal, Bihar and Orissa. It was the seat of the hereditary Nawab of Bengal and the state's treasury, revenue office and judiciary. Bengal was the richest Mughal province. Murshidabad was a cosmopolitan city. Its population peaked at 10,000 in the 1750s. It was home to wealthy banking and merchant families from different parts of the Indian subcontinent and wider Eurasia, including the Jagat Seth and Armenians. European companies, including the British East India Company, the French East India Company, the Dutch East India Company and the Danish East India Company, conducted business and operated factories around the city. Silk was a major product of Murshidabad. The city was also a center of art and culture, including ivory sculptors, Hindustani classical music and the Murshidabad style of Mughal painting. The city's decline began with the defeat of the last independent Nawab of Bengal Siraj-ud-Daulah at the Battle of Plassey in 1757. The Nawab was demoted to the status of a zamindar known as the Nawab of Murshidabad. The British shifted the treasury, courts and revenue office to Calcutta. In the 19th century, the population was estimated to be 46,000. Murshidabad became a district headquarters of the Bengal Presidency. It was declared as a municipality in 1869.