Hi JOYSON,
I have created sample that full-fill your requirement by refering the below articles.
SQL
CREATE TABLE [dbo].[tblFiles](
	[Id] [int] IDENTITY(1,1) NOT NULL,
	[Name] [varchar](50) NULL,
	[ContentType] [varchar](50) NULL,
	[Data] [varbinary](max) NULL
)
CS.aspx
<html xmlns="http://www.w3.org/1999/xhtml">
<head runat="server">
    <title></title>
    <script type="text/javascript" src="http://ajax.googleapis.com/ajax/libs/jquery/1.9.1/jquery.min.js"></script>
    <script type="text/javascript">
        $(function () {
            var reader = new FileReader();
            var fileName;
            var contentType;
            $('input[type=file]').change(function () {
                if (typeof (FileReader) != "undefined") {
                    var regex = /^([a-zA-Z0-9\s_\\.\-:])+(.jpg|.jpeg|.gif|.png|.bmp)$/;
                    $($(this)[0].files).each(function () {
                        var file = $(this);
                        if (regex.test(file[0].name.toLowerCase())) {
                            fileName = file[0].name;
                            contentType = file[0].type;
                            reader.readAsDataURL(file[0]);
                        } else {
                            alert(file[0].name + " is not a valid image file.");
                            return false;
                        }
                    });
                } else {
                    alert("This browser does not support HTML5 FileReader.");
                }
            });
            $('#btnUpload').on("click", function () {
                var byteData = reader.result;
                byteData = byteData.split(';')[1].replace("base64,", "");
                $.ajax({
                    type: "POST",
                    url: "CS.aspx/InsertImage",
                    data: '{byteData: "' + byteData + '", imageName: "' + fileName + '", contentType: "' + contentType + '" }',
                    contentType: "application/json; charset=utf-8",
                    dataType: "json",
                    success: function (response) { alert(response.d); },
                    error: function (response) { alert(response.responseText); }
                });
                return false;
            });
        });
    </script>
</head>
<body>
    <form id="form1" runat="server">
    <div>
        <asp:FileUpload ID="fuUpload" runat="server" />
        <asp:Button ID="btnUpload" Text="Upload" runat="server" />
    </div>
    <div>
        <asp:DropDownList ID="ddlImages" runat="server" AppendDataBoundItems="true" AutoPostBack="true"
            OnSelectedIndexChanged="FetchImage">
            <asp:ListItem Text="Select Image" Value="0" />
        </asp:DropDownList>
        <hr />
        <asp:Image ID="Image1" runat="server" Visible="false" />
    </div>
    </form>
</body>
</html>
CS.aspx.cs
protected void Page_Load(object sender, EventArgs e)
{
    if (!this.IsPostBack)
    {
        ddlImages.DataSource = GetData("SELECT Id, Name FROM tblFiles");
        ddlImages.DataTextField = "Name";
        ddlImages.DataValueField = "Id";
        ddlImages.DataBind();
    }
}
private DataTable GetData(string query)
{
    DataTable dt = new DataTable();
    string constr = ConfigurationManager.ConnectionStrings["constr"].ConnectionString;
    using (SqlConnection con = new SqlConnection(constr))
    {
        using (SqlCommand cmd = new SqlCommand(query))
        {
            using (SqlDataAdapter sda = new SqlDataAdapter())
            {
                cmd.CommandType = CommandType.Text;
                cmd.Connection = con;
                sda.SelectCommand = cmd;
                sda.Fill(dt);
            }
        }
        return dt;
    }
}
protected void FetchImage(object sender, EventArgs e)
{
    string id = ddlImages.SelectedItem.Value;
    Image1.Visible = id != "0";
    if (id != "0")
    {
        byte[] bytes = (byte[])GetData("SELECT Data FROM tblFiles WHERE Id =" + id).Rows[0]["Data"];
        string base64String = Convert.ToBase64String(bytes, 0, bytes.Length);
        Image1.ImageUrl = "data:image/png;base64," + base64String;
    }
}
[System.Web.Services.WebMethod]
public static string InsertImage(string byteData, string imageName, string contentType)
{
    byte[] bytes = Convert.FromBase64String(byteData);
    string constr = ConfigurationManager.ConnectionStrings["constr"].ConnectionString;
    using (SqlConnection con = new SqlConnection(constr))
    {
        using (SqlCommand cmd = new SqlCommand("INSERT INTO tblFiles VALUES(@Name,@ContentType,@Data)"))
        {
            cmd.Parameters.AddWithValue("@Name", imageName);
            cmd.Parameters.AddWithValue("@ContentType", contentType);
            cmd.Parameters.AddWithValue("@Data", bytes);
            cmd.Connection = con;
            con.Open();
            cmd.ExecuteNonQuery();
            con.Close();
        }
    }
    return "Uploaded Successfully!";
}
VB.aspx
<html xmlns="http://www.w3.org/1999/xhtml">
<head id="Head1" runat="server">
    <title></title>
    <script type="text/javascript" src="http://ajax.googleapis.com/ajax/libs/jquery/1.9.1/jquery.min.js"></script>
    <script type="text/javascript">
        $(function () {
            var reader = new FileReader();
            var fileName;
            var contentType;
            $('input[type=file]').change(function () {
                if (typeof (FileReader) != "undefined") {
                    var regex = /^([a-zA-Z0-9\s_\\.\-:])+(.jpg|.jpeg|.gif|.png|.bmp)$/;
                    $($(this)[0].files).each(function () {
                        var file = $(this);
                        if (regex.test(file[0].name.toLowerCase())) {
                            fileName = file[0].name;
                            contentType = file[0].type;
                            reader.readAsDataURL(file[0]);
                        } else {
                            alert(file[0].name + " is not a valid image file.");
                            return false;
                        }
                    });
                } else {
                    alert("This browser does not support HTML5 FileReader.");
                }
            });
            $('#btnUpload').on("click", function () {
                var byteData = reader.result;
                byteData = byteData.split(';')[1].replace("base64,", "");
                $.ajax({
                    type: "POST",
                    url: "VB.aspx/InsertImage",
                    data: '{byteData: "' + byteData + '", imageName: "' + fileName + '", contentType: "' + contentType + '" }',
                    contentType: "application/json; charset=utf-8",
                    dataType: "json",
                    success: function (response) { alert(response.d); },
                    error: function (response) { alert(response.responseText); }
                });
                return false;
            });
        });
    </script>
</head>
<body>
    <form id="form1" runat="server">
    <div>
        <asp:FileUpload ID="fuUpload" runat="server" />
        <asp:Button ID="btnUpload" Text="Upload" runat="server" />
    </div>
    <div>
        <asp:DropDownList ID="ddlImages" runat="server" AppendDataBoundItems="true" AutoPostBack="true"
            OnSelectedIndexChanged="FetchImage">
            <asp:ListItem Text="Select Image" Value="0" />
        </asp:DropDownList>
        <hr />
        <asp:Image ID="Image1" runat="server" Visible="false" />
    </div>
    </form>
</body>
</html>
VB.aspx.vb
Protected Sub Page_Load(sender As Object, e As EventArgs) Handles Me.Load
    If Not Me.IsPostBack Then
        ddlImages.DataSource = GetData("SELECT Id, Name FROM tblFiles")
        ddlImages.DataTextField = "Name"
        ddlImages.DataValueField = "Id"
        ddlImages.DataBind()
    End If
End Sub
Private Function GetData(query As String) As DataTable
    Dim dt As New DataTable()
    Dim constr As String = ConfigurationManager.ConnectionStrings("constr").ConnectionString
    Using con As New SqlConnection(constr)
        Using cmd As New SqlCommand(query)
            Using sda As New SqlDataAdapter()
                cmd.CommandType = CommandType.Text
                cmd.Connection = con
                sda.SelectCommand = cmd
                sda.Fill(dt)
            End Using
        End Using
        Return dt
    End Using
End Function
Protected Sub FetchImage(sender As Object, e As EventArgs)
    Dim id As String = ddlImages.SelectedItem.Value
    Image1.Visible = id <> "0"
    If id <> "0" Then
        Dim bytes As Byte() = DirectCast(GetData(Convert.ToString("SELECT Data FROM tblFiles WHERE Id =") & id).Rows(0)("Data"), Byte())
        Dim base64String As String = Convert.ToBase64String(bytes, 0, bytes.Length)
        Image1.ImageUrl = Convert.ToString("data:image/png;base64,") & base64String
    End If
End Sub
<System.Web.Services.WebMethod()> _
Public Shared Function InsertImage(byteData As String, imageName As String, contentType As String) As String
    Dim bytes As Byte() = Convert.FromBase64String(byteData)
    Dim constr As String = ConfigurationManager.ConnectionStrings("constr").ConnectionString
    Using con As New SqlConnection(constr)
        Using cmd As New SqlCommand("INSERT INTO tblFiles VALUES(@Name,@ContentType,@Data)")
            cmd.Parameters.AddWithValue("@Name", imageName)
            cmd.Parameters.AddWithValue("@ContentType", contentType)
            cmd.Parameters.AddWithValue("@Data", bytes)
            cmd.Connection = con
            con.Open()
            cmd.ExecuteNonQuery()
            con.Close()
        End Using
    End Using
    Return "Uploaded Successfully!"
End Function
Screenshot
