Hajipur is the largest city in the Vaishali district of Bihar. It is located in the Tirhut Division and functions as the district headquarters. This city is closely following Patna in terms of rapid development. Hajipur has a total population of nearly 4.5 lakh. It is a leading city in Bihar in terms of growth. Hajipur falls within the territorial boundaries of the Patna Regional Development Authority area. It is linked to Patna via Mahatma Gandhi Setu which is one of the longest bridges in the country, stretching over nearly 6 kilometers. The town was founded by Haji Ilyas Shah, a King of Bengal, and the town has been named after him. The economy of Hajipur is service-orientated as 55% of the total population is employed in the service sector. Hajipur also has a minor industrial sector and an agricultural base. The city is known for its banana cultivation. The industrial area at Hajipur houses brands of FMCG and agro-based companies such as Pepsico, Britaniya, HUL, Godrej, Anmol, Bansal, etc. The various places of interest in and around the city include the Ramchaura Mandir, Kaun Haara Ghat, Nepali Mandir, Pataleshwar Mandir, Bateshwar Nath Temple, Sonepur Cattle Fair, Vaishali Mahotsava, Baithakji Hajipur, 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.