Adoni is located in the Kurnool district of Andhra Pradesh. The municipality of Adoni also functions as the headquarter of the Adoni Mandal and the Adoni Revenue Division. Adoni has a population of more than 1.5 lakh residents, who speak in Telugu. Adoni was a fort town of the famous Vijayanagara Empire during the 15th to 16th centuries. After the decline of this glorious empire, Adoni went into the hands of Ali Adil Shah I of the Bijapur Sultanate. The Mohammedan rulers soon captured the area within a few years. The area was tossed to the hands of the Nizams and the Marathas and finally went to the British. In the late 19th century, Adoni faced a severe El Nino famine which claimed nearly one-third of its population. Adoni became a part of Andhra Pradesh in 1953. Adoni is a huge producer of cotton. The city has a thriving ginning and textile industry. Groundnut oil is another major production of Adoni. This city is also an important trading center in the state, with a large market situated in the center of the town. Adoni is often referred to as the second "Bombay" of India for its businesses and also for its cotton exports.
IOB based in Chennai, is a public sector bank with almost 3400 domestic branches, including 1150 branches in Tamil Nadu, and eight offices in overseas as of 31 October 2017. An ISO certified in-house Information Technology department, which had developed the software used by IOB to provide online banking to customers earlier. The IOB had a network of around 3300 ATMs across India, as of 2016. The branches of IOB are in Singapore, Bangkok, Colombo, Seoul. The representative offices of IOB are in Guangzhou, Dubai, and Vietnam. In 1937, the Indian Overseas Bank (IOB) was established by Thiru.M. Ct. M. Chidambaram Chettyar for encouraging foreign exchange operations and overseas banking. IOB opened a representative office each in Guangzhou, China, and Kualalampur. IOB opened other Representative offices in Dubai and the United Arab Emirates in the year 2009. In 2015, IOB launched m Passbook applications and new mobile banking services. The Apollo Munich Health Insurance has tied up with IOB to serve specialized health and personal accident products to its customers.