Aligarh, a city in the North Indian state of Uttar Pradesh, was earlier known as Allygurh & Koil. The city is around 150 kilometers away from New Delhi. One of the largest cities in UP, Aligarh is well-known for the Aligarh Muslim University. The city is administered by its municipal corporation known as Nagar Nigam Aligarh. It is divided into five tehsils which are further divided into 12 blocks. The city is an agricultural trade center and the economy is fuelled by the processing and manufacturing of agricultural products. It is also a world-renowned business center for locks which are exported worldwide. The city is also known for its hardware and sculptures made of brass. There are innumerable manufacturers, exporters and suppliers in Aligarh who are involved in the brass, bronze, iron and aluminum industries. The Shekha Jheel Bird Sanctuary, the Aligarh fort, the Mangalayatan Temple and Aligarhs famous museums are places worth visiting in this city.
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.