The city of Shivpuri is also a municipality in the Shivpuri district located in the Indian state of Madhya Pradesh. It falls within the Gwalior Division of the state. Shivpuri functions as the administrative headquarter of the eponymous district. Shivpuri district shares a border with Rajasthan towards the west. It consists of nine tehsils. Shivpuri functioned as the summer capital of the Scindia rulers of Gwalior. Shivpuri is a popular tourist attraction, especially in the monsoon season when it has a number of lakes and minor waterfalls. The lush greenery and the thick dense forests in and around the city makes is a scenic place to explore. Places of tourist attraction near this city are Chhatari ornate marble memorials, Ban Ganga Dham, Chintaharan Mandir, Mohineshwar Dham, etc.
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.