The holy city of Thanjavur is located in the Indian state of Tamil Nadu. It is an important hub of religion, art, and architecture in South India. It was earlier known as Tanjore and had once served as the capital of the Chola Empire. Most of the famous temples in and around Thanjavur are from the Chola dynasty and they have now been turned into UNESCO World Heritage Monuments. The most popular among these is the Brihadeeswara Temple. It is situated in the center of Thanjavur. Thanjavur is also known for its uniquely styled Tanjore paintings. The city is located near Cauvery Delta and known for the fertile soil. This important agricultural center and is known as the "Rice bowl of Tamil Nadu." Legend says that the word Thanjavur is obtained from "Tanjan," who was an asura (devil) in the Hindu mythology. Tanjan was killed by the Hindu God Neelamegha Perumal (Vishnu) in the region that is now Thanjavur. Hence, the city is named so. The economy of the city is primarily driven by agriculture. Crops that are grown in Thanjavur are blackgram, banana, coconut, red gram, green gram, gingelly, ragi, sugarcane and maize. The city is an important center of silk weaving in Tamil Nadu and its Thanjavur silk sarees are popular throughout the country. Tourism is a large contributor to the citys economy - Hindu devotees and tourists from all over the world visit the city to explore its plethora of amazing old temples.
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.