solapur is a West Indian Tier II city in the state of Maharashtra. It is the fourth largest district in the state. The city is located between Mumbai and Hyderabad and is connected to both of these metro cities via road and railway. Solapur was the home of many prominent freedom fighters and thus the city is recognized as "The City of Hutatmas" or "The City of Martyrs." Solapur district has 33 sugar factories, which is the highest among all districts in the country. The city is also the leading producer of Indian cigarettes or beedi in Maharashtra. Solapur has also been a leading center for cotton mills and power looms in the state, possessing Asias largest spinning mill. The city is famous for pomegranate farming which is done on a large scale in the entire district of Solapur. Solapurs economy of the city is based on medium and small scale industries like handloom and power loom industry, cotton mills and the textile industry. Solapur is the base of educational institutions like Shivaji University, Nehru Science Centre, Dr. V. M. Government Medical College and other engineering colleges. The Science Centre in Kegaon is a prominent scientific association in Maharashtra. The Ujjain Dam, , Great Indian Bustard Sanctuary and the Shri Siddeshwar Temple are places worth visiting in Solapur., solapur is a Tier II city in the Indian state of Maharashtra. It is located between Hyderabad and Mumbai, connected to both via railway and road. Many great freedom fighters of India hailed from Solapur. Hence, the city has received the title of "The City of Martyrs" or "The City of Hutatmas." The city is known for its numerous sugar factories as it is the highest maker of sugar in the entire state. It is also known for its mass production off Indian cigarettes or Beedi. The city has many cotton mills and power looms. It boasts of its spinning mill which is the largest in Asia. The handloom, cotton and textile industry fuel the city?s economy. Pomegranate is cultivated on a large scale in this city and its neighboring areas. Solapur has quite a few reputed institutes for education and research. The Science Centre in Kegaon is known for its research. The Shivaji University and Dr. V. M. Government Medical College are quite famous in the city. A few places to visit in and around Solapur include the Shri Siddeshwar Temple, Akkalkot Swami Samarth Maharaj Temple, Bhuikot Fort, Rukmini Temple, Ujjani Dam, Great Indian Bustard Sanctuary, Pandharpur, etc. Maharashtra?s first waste-to-energy electricity plant is located in Solapur.
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.