English Bazar is a city in the Malda district of the Indian state of West Bengal. It is popularly known as Malda town and has been nicknamed as the "Mango City." Malda serves as the headquarter of the eponymous district. Old Malda municipality and the, as well as the English Bazar municipality, are under the Malda municipal corporation. This is a rapidly growing city with a population of over 2 lakh people. Malda lies on the western bank of the Mahananda river. It experiences an extremely humid weather. Various colleges and universities are found in and around English Bazar. The University of Gour Banga is the largest educational institution in the area along with several other colleges like Malda College, Malda Polytechnic, Malda Medical College and Hospital, IMPS College of Engineering and Technology, etc. The city has a great connectivity to the state capital as well as to the Northeast via railway and roads. The city is known for its cultivation of mangoes and production of Mango Jelly.
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.