Bihar Sharif. located in the Indian state of Bihar, functions as the headquarters of the Nalanda district. It is the fifth-largest sub-metropolitan region in the state. Its name is derived from two words - Bihar which is taken from the name of the state as well as from the word Buddha Vihara; and sharif which refers to the resting place of the Sufi saint Sheikh Sharfuddin Yahya Maneri. The city is a renowned hub of education and trade in the southern regions of Bihar. The economy of this city centers around agriculture, tourism and household manufacturing. Crops such as potato, cauliflower, mustard seed and other vegetables are cultivated and sold to neighboring states. The city serves as a gateway to Nalanda, Rajgir and Pawapuri; thus tourism also boosts the citys economy. The household industries manufacture footwear and garments that add to the revenue generation of the city. Bihar Sharif is currently competing to obtain funds under PM Narendra Modis flagship Smart Cities Mission.
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.