Jaipur is the capital city of Rajasthan. It was named after King Jai Singh in 1727, who was the then ruler of Amer. The former Royal family still lives in Jaipur in the famous City Palace. With a whopping population of more than 3 million, Jaipur is the tenth most populous city in India. It is often referred to as the Pink City, due to its dominantly pink colored buildings. Located very close to the Great Indian Desert, Jaipur has a hot semi-arid climate with very less rainfall during the monsoon months. The ancient forts and relics in and around Jaipur make it a flamboyant city which attracts thousands of tourist every year. The royal observatory or the Jantar Mantar, the honeycomb-like Hawa Mahal and the gorgeous Amer Fort are Jaipur?s star attractions, which are also UNESCO World Heritage Sites. Jaipur also connects tourists to other attractive tourist destinations in the vicinity like Jodhpur, Jaisalmer, Udaipur and Mount Abu. Interestingly, Jaipur is a Vastu-complaint city which was meticulously planned by Vidyadhar Bhattacharya in 1727 based on the Indian Vastu Shastra. Rajasthani, Dhundhari, Marwari, Hindi and English are the languages spoken in the city. Jaipur is famous for its spread of delectable Rajasthani cuisine - the Dal Baati Churma and Ghevar are the most sought out dishes in the restaurants of Jaipur. Jaipur is a colorful city where one may find a beautiful juxtaposition of the old and the new - modern cars and buses alongside camels, trendy motorbikes and buzzing autorickshaws, modern buildings and ancient forts, shopping complexes and rustic markets - all these add up to enhance the beautiful essence and spirit of the city.
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.