Syndicate Bank was one of the oldest and major commercial banks of India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the government of India. It was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank.

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.

Raipur ( pronunciation ) is the capital city of the Indian state of Chhattisgarh. Raipur is also the administrative headquarters of Raipur district and Raipur division, and the largest city of the state. It was a part of Madhya Pradesh before the state of Chhattisgarh was formed on 1 November 2000., It is a major commercial hub for trade and commerce in the region. It has exponential industrial growth and has become a major business hub in Central India. It has been ranked as India's 6th cleanest city as per the Swachh Survekshan for the year 2021. Raipur is ranked 7th in the Ease of Living Index 2019 and 7th in the Municipal Performance Index 2020, both by the Ministry of Housing and Urban Affairs (MoHUA).Raipur is also regarded as one of the best cities to do business. It is abundantly rich in mineral resources, and is among the biggest producers of steel and iron in the country. There are about 200 steel rolling mills, 195 sponge iron plants, at least 6 steel plants, 60 plywood factories, 35 ferro-alloy plants and 500 agro-industries in the city. In addition, Raipur also has over 800 rice milling plants.