Nangloi Jat is popularly known as "Nangloi." It is a locality situated in the western district of the Union Territory of Delhi. The city surrounded by Paschim Vihar, Najafgarh, Bahadurgarh and Delhi Outer Ring road. The National Highway 10 or the Rohtak Road runs through Nangloi. The city is connected to the Delhi Metro on its Green Line. Some striking landmarks in Nangloi include Maharaja Surajmal Stadium, Krishan Mandir, Northern Railways Jal Neer Plant and Nangloi Railway Head. The region has developed tremendously since the liberalization of the Indian economy in 1991. Many health-care centers have been established here, along with all other amenities required for a comfortable living. A look-alike of the Qutub Minar, Hastsal ki Laat, that is similar to the famous monument in design and is made with similar red sandstone, is located near Nangloi. It was built by the Mughal Emperor Shahjahan in 1650 and is definitely worth a visit.
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.