secunderabad is the twin city of Hyderabad. It is located in the Indian state of Telangana. It was named after Sikandar Jah, who was the 3rd Nizam of the Asaf Jahi dynasty. Hence it is sometimes spelled as Sikander-a-bad. Secunderabad was a British cantonment, founded in 1806. Secunderabad and Hyderabad are together referred to as the twin cities but they have very different histories and cultures. Secunderabad had developed directly under the British rule until independence whereas Hyderabad was a princely state and the capital of the Nizams. Secunderabad and Hyderabad were earlier divided by the Hussain Sagar lake. However, Secunderabad has been integrated into Hyderabads GHMC municipality. The two cities are collectively known as Hyderabad, Indias fifth largest metropolis. Secunderabad is one of the largest army and air force cantonments in India. The city hosts prestigious educational institutions like the Nizam College and the Osmania University. ITC, Infosys, Intergraph and Coromandel International are few of the many private companies that have set up their offices in Secunderabad. Secunderabad railway station is the headquarter of South Central Railway and it is a major center for railway activity. The city has several industrial areas such as Bolarum, Nacharam, Moula-Ali, Ghatkesar, etc. The Department of Atomic Energy has several units in the city like Atomic Minerals Directorate for Exploration and Research, Nuclear Fuel Complex, ECIL, etc. located in and around Secunderabad.
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.