Panvel is a city in the Raigad district of Maharashtra. It is situated in the Konkan Division of the state. It is a highly populated city since it is close to Mumbai. Panvel falls within the territorial boundary of the Mumbai Metropolitan Region. The Panvel creek borders the city on one side and there are mountains on the other sides of the city. Panvel is surrounded by some major industrial hubs housing the units of companies such as Larsen & Toubro Ltd., Reliance, ONGC, Hindustan Organic Chemicals Ltd., IPCL, etc., providing mass employment to the residents of Panvel. The JNPT port is situated near Panvel. A new SEZ is being set up by the government around Panvel. The places worth visiting in Panvel are Karnala fort, Karnala bird sanctuary, Gadeshwar dam, Matheran, Ballaleshwar Pal, Bet El Synagogue, Varadvinayak, etc. The city is very well connected to neighboring areas via roads and railway.
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.