State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and seventh Indian company to cross the ₹ 5-trillion market capitalisation on the Indian stock exchanges for the first time.The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. Overall the bank has been formed from the merger and acquisition of nearly twenty banks over the course of its 200 year history. The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India's central bank) taking a 60% stake, renaming it State Bank of India. On 16th Aug 2022 an attempt to facilitate and support start-ups in the country, the State Bank of India (SBI) announced the launch of its first "state-of-the-art" dedicated branch for start-ups in the country in Bengaluru.

Jharkhand (; Hindi: [d͡ʒʱɑːɾkʰəɳɖ]; lit. 'the land of forests') is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of 79,716 km2 (30,779 sq mi). It is the 15th largest state by area, and the 14th largest by population. Hindi is the official language of the state. The city of Ranchi is its capital and Dumka its sub-capital. The state is known for its waterfalls, hills and holy places; Baidyanath Dham, Parasnath, Dewri and Rajrappa are major religious sites. The state was formed on 15 November 2000, after carving out what was previously the southern half of Bihar. Jharkhand suffers from what is sometimes termed a resource curse: it accounts for more than 40% of the mineral resources of India, but 39.1% of its population is below the poverty line and 19.6% of children under five years of age are malnourished. Jharkhand is primarily rural, with about 24% of its population living in cities. It is amongst the leading states in terms of economic growth. In 2017–18, the GDP growth rate of state was at 10.22%.

Latehar is a town which is a headquarter of Latehar district of Jharkhand state, it is known for its natural environment, forest, forest products and mineral deposits. Latehar remained a part of Palamau District as a sub division since 1924. It was elevated from sub divisional status to a district on 4 April 2001, vide Jharkhand Government Notification No 946 dated 04.04.2001. Latehar is located on the north–west corner of Jharkhand in the Palamau Commissionary. It is surrounded by Ranchi, Lohardaga, Gumla, Palamu and Chatra district apart from Chhattisgarh state and district headquarters is situated at 84.51198 East Longitude and 23.741988 North Latitude. It’s a predominantly tribal district with almost 45.54% of the population belonging to the scheduled tribes. More than 66% of total population comprises SCs and STs. The total area of the district is 3,622.50 km2 and one of the block headquarters is more than 200 km away from the district headquarters. Jharkhand's second largest waterfall is situated in Latehar.