Haldia is an industrial city as well as a port city in the Indian state of West Bengal. It is located in the Purba Medinipur district. Haldia has a major river port and an industrial belt, situated at a distance of more than 100 kilometers from Kolkata, near the mouth of the Hooghly River. The Haldi River, an offshoot of Ganges, borders the Haldia Township. Haldia is a center for the petrochemical industry and is being improved into a major trade port for Kolkata. The city has around 2 lakh residents, mostly employed in the industrial sector. Haldia has numerous factories such as South Asian Petrochemicals Ltd, Exide, Indian Oil Corporation Limited, Tata Chemicals, India Power Corporation Ltd., Haldia Petrochemicals, Mitsubishi Chemical Corporations, Hindustan Lever, etc. in addition to several light industries. Apart from being well connected to the rest of the country via railway and road, Haldia is also connected via waterway. The National Waterway 1 is a 1620 km long inland waterway. It connects Haldia to Allahabad and runs across the Ganges, the Bhagirathi river and the Hooghly river systems. Haldia has a mini Japanese township called Sataku. A Japanese community lives in the area, whose residents work as engineers and top executives in the Mitsubishi Chemical Corporations purified terephthalic acid plant in Haldia.
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.