A city as well as a municipal board in the district of the same name, Bahraich is located in the Indian state of Uttar Pradesh. It lies beside the Saryu River, which is a tributary of River Ghaghra. Bahraich shares an international border with the neighboring country, Nepal. According to the socio-economic and basic amenities indicators, the Government of India has declared that Bahraich is one of the most minority-concentrated areas in India. Bahraich has a vast forest cover. Trees like Shisham, Dhak, Mahua, Babul, Ashok, Khajur, Mango, Neem, Peepal and Gular are grown here. Several varieties of mangoes, especially the Dasheri mangoes, are grown here. The main crops cultivated at Bahraich are wheat, paddy, sugarcane, mustard and various vegetables. Apart from this, many medicinal and herbal plants like Tulsi, Peppermint are also grown in Bahraich. Hence, the city has an agricultural economy. The area is a growing district in the direction of education as many institutions have been set up in Bahraich like Sanjeevani Institute of Technology and Management, Lord Buddha Degree College, Rupaidiha, Mithilesh Nandini Reshama Arif Mahavidyalaya and several other Islamic education institutes. Awadhi and Urdu are the most commonly used language by the people of Bahraich.
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.