The historic city of Panipat is located in the Indian state of Haryana. The three huge battles were fought near this city in 1526, 1556 and 1761, which were all major turning points in the Indian history. The city is well-known in the area by its nickname the "City of Weavers" and "Textile City." It is the global center for recycling textiles. According to the Hindu epic Mahabharata, Panipat was one of the five cities or prasthas that were founded by the Pandavas and was named Pandavaprastha in the ancient time. The city houses the Panipat Refinery and the Panipat Thermal plant. It has a population of around 9 lakh people with an average literacy rate of 87%. Few places of tourist interest in the city are the Panipat Museum, Hemus Samadhi Sthal, Ibrahim Lodhis Tomb, Baburs Kabuli Bagh Mosque, Salar Ganj Gate, Kala Amb, etc. The city is well connected to all the nearby regions through roads and railway.
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.