The city of Howrah is considered to be Kolkata?s twin. It is an industrial city situated in the eastern Indian state of West Bengal. The Hooghly River acts as a divider between Howrah and the state capital Kolkata. Thus, this city lies on the banks of the Hooghly River and hosts the administrative headquarters of Howrah district. There are four famous bridges in Howrah that connects it to Kolkata. Among these, the Howrah bridge is a popular landmark. The city has a long history and rich culture tied with that of Kolkata. The economy of the city is chiefly dependent on agriculture and manufacturing industries. Crops such as paddy, oilseeds, pulses, potato and vegetables are grown as well as traded. The Howrah railway station has remarkable connectivity. The busiest railway station in the state, it not only connects the capital city of Kolkata to all its suburbs and neighboring cities but also connects it to the rest of the country through the Eastern and South-eastern Railways. Howrah houses educational institutions and universities like Bengal Engineering and Science University (BESU) and Ramakrishna Mission Vidyamandira. Tourists who visit Kolkata enjoy a stroll in the Indian Botanical Garden at Howrah which houses the largest Banyan Tree in the world. The Rail Museum located near the Howrah Railway station is an enjoyable experience for children. The Belur Math Ramakrishna Mission is a scenic spot that attracts tourists as well as devotees.
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.