Indian Bank is a central public sector undertaking. It is under the ownership of the Ministry of Finance, Government of India. It was established in 1907 and is headquartered in Chennai, India. It serves over 100 million customers with 39,734 employees, 5,721 branches with 5,428 ATMs and Cash deposit machines and is one of the top performing public sector banks in India. Total business of the bank has touched ₹1,010,000 crore (US$130 billion) as on 31 March 2022. The bank's Information systems and security processes are certified to meet ISO27001:2013 standard. It has overseas branches in Colombo and Singapore including Foreign Currency Banking Units at Colombo and Jaffna. It has 227 overseas correspondent banks in 75 countries. Since 1978, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Allahabad Bank merged from 1 April 2020, making Indian Bank now the seventh largest bank in the country.

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.

Balod is a town in banks of river Tandula and a nagar palika in Balod district in the state of Chhattisgarh, India. Balod is 44 km from Dhamtari and 58 km from Durg. Balod has one college, one court, one CHC ( Community Health Center ), and a jail. Medical facilities are good in Balod. There are two Dams nearby Tandula and Aadmabaad built on rivers sukha and tandula in 1912. On 1 January 2012 it was notified as Civil District though revenue district was declared from 10 January 2012. Balod became the 27th district of Chhattishgarh.There are several religious temples nearby town, particularly Ganga Maiyya temple and Siyadevi temple hold great religious value for the townsfolk. As of August 2018 the district collector of Balod is Shri Saransh Mittar.