Uluberia is located within the territorial boundaries of the Howrah district in the state of West Bengal. It functions as the headquarter of the Uluberia subdivision. A part of Uluberia is covered by Kolkata Metropolitan Development Authority. Uluberia is an industrial city situated on the bank of River Hooghly. The Rupnaayan and the Damodar rivers flow near this city, thus giving it a rich alluvial soil that supports the cultivation of paddy and various other vegetables. There are around 2 lakh residents in Uluberia who communicate in the Bengali language. In 2006, the Salim Group had invested $250 million in a motorcycle factory. There are many industrial units in Uluberia that manufacture electrical goods. The city is well connected to all the neighboring areas via road and railway. The city has been divided into several community development blocks in order to ensure able administration and organized development.
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.