Hyderabad is a flourishing Indian city that is steadily proceeding towards the pinnacle of growth and development. Hyderabad, the capital city of Telangana state, was the erstwhile capital city of Andhra Pradesh. However, Telangana broke off from the state of Andhra Pradesh in 2014 and since then Hyderabad has served as the de jure capital of AP till the time the AP government is ready with a capital city of their own. Often referred to as the City of Lakes or the City of Pearls, the twin cities of Hyderabad and Secunderabad have flourished along the banks of the Musi River and is home to a myriad historical relic from the Nizami era. This fourth most populous city is situated on the hilly terrain of the Deccan plateau amidst aplenty artificial lakes - Hussain Sagar Lake being the most popular one. Amidst the scorching summers and comfortable winters, Hyderabad presents to its tourists a plethora of historic charms in the Golconda Fort, the Salarjung Museum, the famous Charminar, the Falaknuma Palace and a handful of old bazaars of Hyderabad that have been glorified through verses by great poets like Sarojini Naidu. Tourists flock to Hyderabad to try the famously mouth-watering delicacies like the Hyderabadi Biryani and Haleem.
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.