Bally is a town in the Indian state of West Bengal. It is situated in the Howrah District and falls under the Howrah Municipal Corporation. The town is located on the banks of the Hooghly River and strategically stands in between two famous tourist spots - the Dakshineswar Kali Temple and the Belur Math. Bally is very well connected by road, rail as well as water. Three major railway lines pass through Bally - the Howrah-Barddhaman Chord Line, the Howrah?Bardhaman main line and the Sealdah-Dankuni Line. The town of Bally has five railway stations - Bally junction, Bally Ghat, Bally Halt, Rajchandrapur and Belanagar. The Grand Trunk Road passes through this town. Two bridges across the Hooghly river connects Bally with the metro city of Kolkata - the Vivekananda Setu (also known as Bally Bridge) and the Nivedita Setu. Bally also has a ferry pier called Bally Ghat which runs ferry services on the river. Bally is a residential suburb of Kolkata and most of its residents travel to the city for work.
In 1964 the head office of Indian Overseas Bank was inaugurated at Mount Road. The Indian Overseas Bank has been the first public sector bank to introduce mobile banking services using Wireless Application Protocol(WAP). On 29 August 2003, the Indian Overseas Bank has opened an extension counter at Bambalapitiya, Ceylon. In 2005, the IOB began a representative office in Guangzhou; China followed which the bank opened another representative office in Kuala Lumpur and Dubai, UAE. In 2007 The bank took over Bharat Overseas Bank. After three years, Malaysia granted a commercial banking license to a local bank jointly owned by Bank Of Baroda, Indian Overseas Bank, and the Andhra Bank. The new bank named, India International Bank (IIB Malaysia), began its operations in 2012 in Kuala Lumpur and had a large population of Indians. The Andhra Bank has a 25% stake in its joint-venture, BOB owns 40%, and remaining 35% is with IOB. On 31 August 2013, the Indian Overseas Bank has incorporated an offshore banking unit in Colombo, Sri Lanka. The bank also converted its existing Extension Counter at Ceylon into a full-fledged branch. In 2014-15, the IOB bank has crossed the target of 3000 ATMs as on 2014.IOB also launched m passbook app as a new mobile banking initiative.