satna is a city in the Indian state of Madhya Pradesh that also serves as the Satna districts administrative headquarters. The city derives its name from the nearby Satna river which flows through the Baghelkhand region of the state. According to the Hindu epic Mahabharata, the Haihaya, Kalchuri or Chedi clans were the inhabitants of the region. Satna has a long history of being a part of various princely states. The city sits on a mineral-rich area and is known for dolomite mines and limestone and it contributes around 8% to 9% of the countrys total cement production. There are ten cement factories in Satna and the product is exported to other parts of the country. Satna houses the well-known electrical cable company called Universal Cables. Satna also serves as a major spot for religious tourism including Chitrakoot, Maihar and Bharhut. There are many temples, a Buddhist Stupa and a fort in the vicinity of the area. The city has quite a few good schools and colleges and is currently upgrading itself to become a modern city with all modern facilities. This city is often called the commercial capital of Baghelkhand as it is among the most promising cities of the state. Several new industries have been planned to be set up in this city by some of the most reputed industrial houses in India.
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.