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).

Madhya Pradesh (, Hindi: [ˈməd̪ʱjə pɾəˈdeːʃ] (listen); meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Satna, and Guna being the other major cities. Madhya Pradesh is the second largest Indian state by area and the fifth largest state by population with over 72 million residents. It borders the states of Uttar Pradesh to the northeast, Chhattisgarh to the east, Maharashtra to the south, Gujarat to the west, and Rajasthan to the northwest.The area covered by the present-day Madhya Pradesh includes the area of the ancient Avanti Mahajanapada, whose capital Ujjain (also known as Avantika) arose as a major city during the second wave of Indian urbanisation in the sixth century BCE. Subsequently, the region was ruled by the major dynasties of India. The Maratha Empire dominated the majority of the 18th century. After the Anglo-Maratha Wars in the 19th century, the region was divided into several princely states under the British and incorporated into Central Provinces and Berar and the Central India Agency. After India's independence, Madhya Pradesh state was created with Nagpur as its capital: this state included the southern parts of the present-day Madhya Pradesh and northeastern portion of today's Maharashtra. In 1956, this state was reorganised and its parts were combined with the states of Madhya Bharat, Vindhya Pradesh and Bhopal to form the new Madhya Pradesh state, the Marathi-speaking Vidarbha region was removed and merged with the Bombay State. This state was the largest in India by area until 2000, when its southeastern Chhattisgarh region was designated a separate state. The economy of Madhya Pradesh is the 10th-largest in India, with a gross state domestic product (GSDP) of ₹9.17 trillion (US$110 billion) and has the country's 26th highest per-capita income of ₹ 109372. Madhya Pradesh ranks 23rd among Indian states in human development index. Rich in mineral resources, Madhya Pradesh has the largest reserves of diamond and copper in India. 25.14% of its area is under forest cover. Its tourism industry has seen considerable growth, with the state topping the National Tourism Awards in 2010–11. In recent years, the state's GDP growth has been above the national average. In 2019–20, state's GSDP was recorded at 9.07.

Indore ( (listen)) is the largest and most populous city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and has campuses of both the Indian Institute of Technology and the Indian Institute of Management. Located on the southern edge of Malwa Plateau, at an average altitude of 553 meters (1,814 ft) above sea level, it has the highest elevation among major cities of Central India. The city is 190 km (120 mi) west of the state capital of Bhopal. Indore had a census-estimated 2011 population of 1,994,397 (municipal corporation) and 3,570,295 (urban agglomeration). The city is distributed over a land area of just 530 square kilometres (200 sq mi), making Indore the most densely populated major city in the central province. Indore traces its roots to its 16th-century founding as a trading hub between the Deccan and Delhi. The city and its surroundings came under Maratha Empire on 18 May 1724 after Peshwa Baji Rao I assumed the full control of Malwa. During the days of the British Raj, Indore State was a 19 Gun Salute (21 locally) princely state (a rare high rank) ruled by the Maratha Holkar dynasty, until they acceded to the Union of India. Indore served as the capital of the Madhya Bharat from 1950 until 1956. Indore's financial district, based in central Indore, functions as the financial capital of Madhya Pradesh and is home to the Madhya Pradesh Stock Exchange. Indore has been selected as one of the 100 Indian cities to be developed as a smart city under the Smart Cities Mission. It also qualified the first round of Smart Cities Mission and was selected as one of the first twenty cities to be developed as Smart Cities. Indore has been part of Swachh Survekshan since its inception and had ranked 25th in 2016. It has been ranked as India's cleanest city six years in a row as per the Swachh Survekshan for the years 2017, 2018, 2019, 2020, 2021 and 2022. Meanwhile, Indore has also been declared as India's first 'water plus' city under the Swachh Survekshan 2021. Indore became the only Indian city to be selected for International Clean Air Catalyst Programme. The project with cooperation of Indore Municipal Corporation and Madhya Pradesh Pollution Control Board, will be operated for a period of five years to purify the air in the city.