The paradisal city of Srinagar, situated in the northern edge of India, serves as the summer capital of Jammu and Kashmir. This gorgeous and pleasant city is popularly called the Paradise on Earth. River Jhelum flows through the city. Srinagar is known for its multitudinous lakes, green gardens, waterfronts, Shikaras and houseboats that make the city one of the most cherished tourist destinations across the globe. The city lies peacefully in the Kashmir valley and it is surrounded by the majestic Himalayas. Srinagar is organized and divided into 74 wards to improve civic and administrative maintenance. The tourism industry fuels the economy of this city. The warm and hospitable natives ensure that the tourism prospers. A lot of developmental activities are being initiated in the city to support the development of other industries. This grand tourist location presents a gateway to the snow-capped peaks of the Himalayas, the verdurous valleys of Kashmir and its serene lakes. Tourists who visit Srinagar love to take a Shikara-ride on the renowned Dal Lake, relish the peaceful nature at Betab Valley, admire the breath-taking landscape at the Mughal Gardens and Nishat Garden, observe the historic grandeur of Pari Mahal, and pay homage to the divinity at the Shankaracharya Temple. Srinagar experiences a humid subtropical climate with mild summers, extreme winters and heavy rainfall during spring., srinagar is a blissful city as well as the summer capital of the Indian state of Jammu and Kashmir. It is nested in the heart of the Kashmir valley. This beautiful city is aptly called the ?Heaven on Earth?. Srinagar is also famous for dry fruits, fresh fruits and spices. There are plenty of educational institutes in the city of Srinagar - NIT, Srinagar, is one of the oldest the National Institutes of Technology in India There are a large number of retail shops in Srinagar which demonstrate some of the most exquisite selections of carpets, Kashmiri shawls and handicrafts. Expensive spices like saffron and Kashmiri chilies are commonly exported from Srinagar apart from the juicy apples, figs and dry fruits. The economy of this city is majorly fueled by tourism which is enhanced by the warm hospitality of the local people. The picturesque city not only connects a tourist to other exotic parts of the state but also offers amazingly beautiful tourist spots. The place itself is idyllic ? with snowcapped mountains overlooking the blissful valley. There are plenty of lakes where tourists enjoy a peaceful Shikara ride. Gardens abundant in this city where tourists get to reconnect with nature. The Mughal Gardens, the Pari Mahal, the Betab Valley and the Shankaracharya Temple are well-known for attracting a lot of tourists. The indigenous handicrafts and embroidery work sell like hot cakes during tourist seasons. Srinagar is also considered to be the hub of handicrafts from where woolen clothing is delivered to different parts of the country.
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.