Jehanabad is a small town in the Jehanabad district of Bihar. It is situated in Nagar Parishad and functions as the district headquarters. Jehanabad was earlier a part of the Gaya district but was made into a separate district on the 1st of August 1986. Agriculture is the most common occupation of the residents of Jehanabad. It also has an industrial area. Jehanabad is connected to the nearby cities of Patna and Gaya via road and rail. The city has around 1 lakh residents who mostly speak in Magahi and Hindi. Barabar Caves that are situated in the hilly area near Jehanabad attracts tourists. These caves constitute of ancient, rock-cut Buddhist chambers from the 3rd Century AD. Baba Siddhnath Temple located on the highest peak of the Barabar Hills range is another interesting place to explore. Sati Nagari Lari, the Sun Temple and the Mahadevsthan at Bhelawer are few other places worth visiting near Jehanabad.
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.