Jodhpur, the second metropolitan in the state of Rajasthan, is popularly known as the "Sun City" for its bright weather. It is situated in the North-western edge of the country near the Thar Desert. It is a very popular tourist destination in India with myriad palaces, forts and temples. Jodhpur city is the administrative headquarters of Jodhpur District. According to Hindu epic Mahabharata, the city was the heart of the kingdom of Marwar. The Ahirs were the original inhabitants of Jodhpur. Later the Rajputs settled in this region after the intermittent dominance of the Marathas and the British. The current administration of the city takes place under its 65 wards under the Jodhpur Nagar Nigam which is headed by a mayor. Tourism is the main source of the economy as it fuels the handicraft industry as well as local businesses. Bajra (pearl millet), Rabi, wheat, pulses and a variety of spices like jeera, dhania and red chilies are the major crops grown in Jodhpur. The city is a major hub of many educational institutions like Indian Institute of Technology Jodhpur (IITJ), AIIMS Jodhpur, NIFT Jodhpur, National Law University Jodhpur, All India Institute of Medical Sciences Jodhpur. The places which attract tourist are Mehrangarh Fort, Jaswant Thada, Umaid Bhawan Palace Museum, clock towers among others.
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.