Rewa is a thriving city in the Indian state of Madhya Pradesh. The city is known for hosting the worlds first white tiger safari that was established at Mukundpur by the Central Zoo Authority of India. The city of Rewa has more than 2 million residents. It experiences a humid subtropical climate, with torrid summers, humid monsoons and cool misty winters. Rewa is known for its diversified economic base. The intricate handicrafts produced by the people of Rewa spread over various forms such as paintings, terracotta, marble articles, silver arts, etc. Rewa is also rich in mineral resources. A large variety of important minerals such as limestone, sandstone, phosphate, asbestos, calcite, talc are found in and around the city. These have become major driving resources behind the various industries based in the city. Agriculture is a leading contributor to the citys economy. The Major crops grown in the area are Maize and Jowar during the Kharif season and Wheat and Mustard during the Rabi season. Additionally, pulses, groundnut and several vegetables are also cultivated at Rewa. The Jawahar Lal Nehru University of Agriculture and Technology is one of the major educational institutes in the area. Rewa is also a shopping destination as it has a thriving retail market. The Vindhya Mahotsav is celebrated at Rewa in April every year. The main purpose of organizing this festival is to promote the culture, business and handicrafts of Rewa.
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.