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).

Odisha (English: , Odia: [oɽiˈsa] (listen)), formerly Orissa ( the official name until 2011), is an Indian state located in Eastern India. It is the 8th largest state by area, and the 11th largest by population. The state has the third largest population of Scheduled Tribes in India. It neighbours the states of West Bengal and Jharkhand to the north, Chhattisgarh to the west, Andhra Pradesh and Telangana to the south. Odisha has a coastline of 485 kilometres (301 mi) along the Bay of Bengal in Indian Ocean. The region is also known as Utkala and is also mentioned in India's national anthem, "Jana Gana Mana". The language of Odisha is Odia, which is one of the Classical Languages of India. The ancient kingdom of Kalinga, which was invaded by the Mauryan Emperor Ashoka (which was again won back from them by King Kharavela) in 261 BCE resulting in the Kalinga War, coincides with the borders of modern-day Odisha. The modern boundaries of Odisha were demarcated by the British Indian government when Orissa Province was established on 1 April 1936, consisting of the Odia-speaking districts of Bihar and Orissa Province. The first of April is celebrated as Utkala Dibasa/Odisha Day. Cuttack was made the capital of the region by Anantavarman Chodaganga in c. 1135, after which the city was used as the capital by many rulers, through the British era until 1948. Thereafter, Bhubaneswar became the capital of Odisha. The economy of Odisha is the 16th-largest state economy in India with ₹5.86 trillion (US$73 billion) in gross domestic product and a per capita GDP of ₹127,383 (US$1,600). Odisha ranks 32nd among Indian states in Human Development Index.

Balasore or Baleswara is a city in the state of Odisha, about 194 kilometres (121 mi) north of the state capital Bhubaneswar and 300 kilometres (186 mi) from Kolkata, in eastern India. It is the largest town of northern Odisha and the administrative headquarters of Balasore district. It is best known for Chandipur beach. It is also called 'missile city'. The Indian Ballistic Missile Defence Programme's Integrated Test Range is located 18 km south of Balasore.