Dehradun is the interim capital of the north Indian state of Uttarakhand. It serves as a haven for tourists who visit the place for its natural beauty. Resting on the foothills of the Himalayas in the Doon valley, Dehradun connects tourists to the nearby popular tourist destinations like Nainital, Mussoorie, Haridwar and Rishikesh. The city is situated between the tracks of the Rivers Ganga and Yamuna. It also serves as the base to institutes of Indian armed forces. The famous Doon School, one of the oldest and most distinguished academic institutions in the country, is located in Dehradun. The famous author Ruskin Bond is from this city, who glorifies the natural beauty of Dehradun in his literary work. The economy of the city is mainly fuelled by tourism along with the the presence of government organizations like the DRDO, Ordinance factory, etc. Dehradun is a hub for school education with institutions like Welham, Woodstock, Doon, St. Georges, etc. which are undoubtedly the best residential schools in India. Apart from these, the city hosts critical institutions of national interest such as the Indian Military Academy, ONGC or Oil and Natural Gas Corporation, Indian Institute of Remote Sensing, Indian Institute of Petroleum, etc. Dehradun has a few places of tourist attractions within itself including the Tapkeshwar temple, the Malsi deer park, the Kalanga monument, Santala Devi temple, etc.
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.