Bhubaneswar is the capital of the eastern Indian state of Odisha. The city is located in the Khordha district of Odisha, and it is the largest city in the state. It lies on the eastern coastal plains near the Eastern Ghats. The topography of the city is split into the western uplands and the eastern lowlands. There are hillocks in the northern and the western parts of Bhubaneswar. The city falls under the jurisdiction of the Bhubaneswar Municipal Corporation area. There are 173 revenue villages and two other municipalities within this boundary. The city is shaped like a dumbbell. The city can be distinctly categorized into the old town and the new planned city. The old town is primarily characterized by temples and hence often referred to as the Temple town by the locals. Some of the famous temples here include the Lingaraj Temple, the Rajarani Temple and the Kukteshwara Temple. The newer planned city was conceptualized and designed in 1948 to house the state capital. It is a modern city with schools, colleges, universities, shopping centers, hospitals and recreational facilities. This fast-growing city is an important trading and commercial center in Odisha as well as in eastern India. Its a great place for business and is rapidly transitioning into an IT hub. Tourism considerably contributes to the economy of the city as it is very near to the coveted sea-side destination as well as a pilgrimage - Puri. Other popular places of tourist attraction near Bhubaneswar is the Konark Sun Temple, Dhauligiri, Nandan Kanan Zoo, etc.
In 2000, Indian Overseas Bank engaged in an initial public offering (IPO) that brought the governments share in the banks equity down to 75%. In 2001, the IOB acquired the Mumbai-based Adarsha Janata Sahakari Bank. Then in 2009, the bank took over Shree Suvarna Sahakari Bank, which was founded in 1969 and had its head office in Pune. Since 2006, Shree Suvarna Sahakari Bank had been in administration. It had nine offices in Pune, 2 in Mumbai and 1 in Shirpur. The total strength of employees was estimated to be more than 100. On 29 August 2003, the Indian Overseas Bank has opened an extension counter at New Kathiresan Temple complex, Bambalapitiya, Ceylon. The IOB opened a representative office in Guangzhou, China in 2005 followed which the bank opened another representative office in Kuala Lumpur and 2009 in Dubai, UAE. In the new millennium, international expansion started once again. The bank took over Bharat Overseas Bank in 2007. After three years, Malaysia granted a commercial banking license to a local bank jointly owned by BOB, IOB, and the Andhra Bank. The new bank named, India International Bank ( IIB Malaysia), began its business in 2012 in Kuala Lumpur and had a large population of Indians. The Andhra Bank holds 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 opened an offshore banking unit in Colombo, Sri Lanka. The bank also converted its existing Extension Counter at Ceylon into a full-fledged branch.