79-937: Indian Overseas Bank ( IOB ) is an Indian public sector bank based in Chennai . During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics and Information Technology for achieving second highest percentage of digital payment transaction among public sector banks. As on 31 March 2022, IOB's total business stands at ₹ 417,960 crore (US$ 50 billion). It has about 3,220 domestic branches, 2 DBUs ( Digital Banking Unit) about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specializing in FOREX and overseas banking. In 1937, M. Ct. M. Chidambaram Chettyar established
158-460: A green belt aimed at preventing the city from sprawling out into neighboring Gyeonggi Province. These areas are frequently sought after by people looking to escape from urban life on weekends and during vacations. Air pollution is a major issue in Seoul. According to the 2016 World Health Organization Global Urban Ambient Air Pollution Database, the annual average PM2.5 concentration in 2014
237-455: A 12.85% increase from June 2010. The next largest group was Chinese citizens who were not of Korean ethnicity; 29,901 of them resided in Seoul. The next highest group consisted of the 9,999 United States citizens who were not of Korean ancestry. The next highest group were Taiwanese citizens, at 8,717. The two major religions in Seoul are Christianity and Buddhism . Other religions include Muism (indigenous religion) and Confucianism . Seoul
316-632: A Chennai-based private bank to take over IOB's Bangkok branch. In 1977, IOB opened a branch in Seoul . It also opened a branch in Tsim Sha Tsui , Kowloon , Hong Kong. Two years later, IOB opened a foreign currency banking unit in Colombo , Sri Lanka. In 1983, ethnic sectarian violence in the form of anti-Tamil riots resulted in the burning of IOB's branch in Colombo. Indian Bank , which may have had stronger ties to
395-513: A clear legal framework of responsibility, publicly checkable results and a major focus on reduction of transport pollutants. In July 2020, South Korea, then the 11th largest world economy, announced a US$ 35 billion position on ending investment in coal. In November 2020, South Korea committed to a carbon-neutral economy by 2050. Between 2005 and 2021 annual concentration levels of small particulate matter (PM10) fell by 30-40 % in Seoul, whilst concentrations of larger particulate matter (PM 2.5) in
474-564: A major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India . The shares of these government-owned-banks are listed on stock exchanges. Their main objective is social welfare. The Central Government entered the banking business with
553-466: A native Korean (as opposed to Sino-Korean ) common noun simply meaning 'capital city.' The word seoul is believed to have descended from Seorabeol (서라벌; historically transliterated into the Hanja form 徐羅伐 ), which originally referred to Gyeongju , the capital of Silla . Wiryeseong ( 위례성 ; 慰禮城 ), the capital settlement of Baekje , was located within the boundaries of modern-day Seoul. Seoul
632-516: A new capital. After several governmental debates, Yi Seong-gye chose Hanyang (Sindo) instead of Muak in September 1394. As Joseon's new capital, Hanyang was planned as a geographic embodiment of Korean Confucianism . Construction of the city began in October 1394. During its early construction stages, some major palaces, including Gyeongbokgung , were finished in 1395. The Fortress Wall surrounding Hanyang
711-415: A profit of ₹7780 crores by the public sector banks: a trend that continued throughout the decade, with a ₹16856 crore profit in 2008–2009. The consolidation of SBI-associated banks started first by State Bank of India merging its subsidiary State Bank of Saurashtra with itself on 13 August 2008. Thereafter it merged State Bank of Indore with itself on August 27, 2010. The remaining subsidiaries, namely
790-834: A result, from the beginning IOB specialised in foreign exchange and overseas banking (see below). Due to the war, IOB lost its branches in Rangoon and Penang, and Singapore, though the branch in Singapore resumed operations in 1942 under Japanese supervision. In 1945 or 1946 IOB opened a branch in Colombo . In 1947, IOB opened a branch in Bangkok . Then IOB added a branch each in Ipoh , Klang , and Malacca , all in Malaya. Some years later, in 1955, IOB opened its first branch in Hong Kong . Others would follow. In 1963,
869-682: Is denoted in %, as of 30 September 2024 ): Presently there are 43 Regional Rural Banks in India Since 1 April 2020. Andhra Pradesh Arunachal Pradesh Assam Bihar Chhattisgarh Gujarat Haryana Himachal Pradesh Jammu and Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Puducherry Punjab Rajasthan Tamil Nadu Telangana Tripura Uttar Pradesh Uttarakhand West Bengal Seoul Seoul , officially Seoul Special Metropolitan City ,
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#1732855670462948-486: Is evidence of the consumption of cooked grain and fish by 3,000 B.C. Around 1,500 B.C., communities began transitioning into the Bronze Age and farming at scale. Due to modern Seoul's significant urbanization, Amsa-dong Neolithic Site [ ko ] is the only known major archaeological site in Seoul where Stone Age materials have been found, although such materials have also been found in minor sites throughout
1027-441: Is headed by a mayor and three vice mayors, and is divided into 25 autonomous districts and 522 administrative neighborhoods. Seoul is divided into 25 " gu " ( 구 ; 區 ) (district). The gu vary greatly in area (from 10 to 47 km or 3.9 to 18.1 sq mi) and population (from fewer than 140,000 to 630,000). Songpa has the most people, while Seocho has the largest area. The government of each gu handles many of
1106-449: Is hereby constituted a municipal corporation to be known as SEOUL. The boundaries of the municipal corporation are the present limits of the City of Seoul consisting of the following eight districts: Chong Koo , Chong No Koo , Sur Tai Moon Koo , Tong Tai Moon Koo , Sung Tong Koo , Ma Po Koo , Yong San Koo , and Yang Doung Po Koo , and as such may be extended as provided by law. Seoul under
1185-708: Is home to one of the world's largest Christian congregations, Yoido Full Gospel Church , which has around 830,000 members. According to the 2015 census, 10.8% of the population follows Buddhism and 35% follows Christianity (24.3% Protestantism and 10.7% Catholicism). 53.6% of the population is irreligious. Seoul is home to the world's largest modern university founded by a Buddhist Order, Dongguk University . Compulsory education lasts from grade 1–9 (six years of elementary school and three years of middle school). Students spend six years in elementary school, three years in middle school, and three years in high school. Secondary schools generally require students to wear uniforms. There
1264-576: Is in the northwest of South Korea. Seoul proper comprises 605.25 km (233.69 sq mi), with a radius of approximately 15 km (9 mi), roughly bisected into northern and southern halves by the Han River . The river is no longer actively used for navigation, because its estuary is located at the borders of the two Koreas, with civilian entry barred. There are four main mountains in central Seoul: Bugaksan , Inwangsan , Naksan and Namsan . The Seoul Fortress Wall , which historically bounded
1343-635: Is not a Sino-Korean word, 'Seoul' has no inherently corresponding Hanja ( Chinese characters used in the Korean language). Instead of phonetically transcribing 'Seoul' to Chinese, in the Chinese-speaking world, Seoul was called Hànchéng ( 汉城 ; 漢城 ), which is the Chinese pronunciation of Hanseong . On 18 January 2005, the Seoul Metropolitan Government changed Seoul's official Chinese name from
1422-491: Is the capital and largest city of South Korea . The broader Seoul Capital Area , encompassing Gyeonggi Province and Incheon , emerged as the world's sixth largest metropolitan economy in 2022, trailing behind Paris , San Francisco , Los Angeles , Tokyo , and New York , and hosts more than half of South Korea's population. Although Seoul's population peaked at over 10 million, it has gradually decreased since 2014, standing at about 9.6 million residents as of 2024. Seoul
1501-826: Is the seat of the South Korean government . Seoul's history traces back to 18 BC when it was founded by the people of Baekje , one of the Three Kingdoms of Korea. During the Joseon dynasty, Seoul was officially designated as the capital, surrounded by the Fortress Wall of Seoul. In the early 20th century, Seoul was occupied by the Japanese Empire , temporarily renamed " Keijō " ("Gyeongseong" in Korean). The Korean War brought fierce battles, with Seoul changing hands four times and leaving
1580-596: The 2002 FIFA World Cup . Seoul is geographically set in a mountainous and hilly terrain, with Bukhansan positioned on its northern edge. Within the Seoul Capital Area lie five UNESCO World Heritage Sites: Changdeokgung , Hwaseong Fortress , Jongmyo , Namhansanseong , and the Royal Tombs of the Joseon dynasty . Furthermore, Seoul has witnessed a surge in modern architectural development, with iconic landmarks including
1659-750: The Government of India nationalized IOB. At one point, probably before nationalization, IOB had twenty of its eighty branches located overseas. However, Malaysian law forbade foreign government ownership of banks in Malaysia . After nationalization Indian Overseas Bank, like all the nationalized banks, turned inward, emphasizing the opening of branches in rural India. In 1973, IOB, Indian Bank , and United Commercial Bank established United Asian Bank Berhad in Malaysia. (Indian Bank had been operating in Malaysia since 1941 and United Commercial Bank had been operating there since 1948.) The banks set up United Asian to comply with
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#17328556704621738-691: The Hanja ' 漢 ' (a transliteration of a native Korean word 한 ; han ; lit. great), which may also refer to the Han people or the Han dynasty in Chinese and is associated with 'China' in Japanese context. After World War II and the liberation of Korea , Seoul became the official name for the Korean capital. The Standard Korean Language Dictionary still acknowledges both common and proper noun definitions of seoul . Unlike most place names in Korea, as it
1817-466: The Indira government nationalised an additional 14 major banks. The total deposits in the banks nationalised in 1969 amounted to 50 crores. This move increased the presence of nationalised banks in India, with 84% of the total branches coming under government control. The share of the bank sector held by the public banks continued to grow through the 1980s, and by 1991 public sector banks accounted for 90% of
1896-716: The N Seoul Tower , the 63 Building , the Lotte World Tower , the Dongdaemun Design Plaza , Lotte World , the Trade Tower , COEX , IFC Seoul , and Parc1 . Seoul was named the World Design Capital in 2010 and has served as the national hub for the music, entertainment, and cultural industries that have propelled K-pop and the Korean Wave to international prominence. Traditionally, seoul ( 서울 ) has been
1975-618: The Second Sino-Japanese War , Yeongdeungpo District was annexed into Seoul on April 1, 1936, to function as an industrial complex for steel and other metalworking factories. The city was liberated by U.S. forces at the end of World War II . In 1945, following the liberation from Japanese colonial rule, the American military assumed control of Korea, including its capital city, then referred to as Kyeongseongbu in line with Japanese nomenclature. The U.S. military government published
2054-619: The State Bank of Bikaner & Jaipur , State Bank of Hyderabad , State Bank of Mysore , State Bank of Patiala and State Bank of Travancore , and Bharatiya Mahila Bank were merged with State Bank of India with effect from 1 April 2017. On 30 August 2019, Minister of Finance Nirmala Sitharaman announced the government's plan for further consolidation of public sector banks. The mergers took effect from 1 April 2020. Currently there are 12 Nationalised Banks in India (Government Shareholding power
2133-915: The revolutionary government in Burma nationalised Indian Overseas Bank's branches in Rangoon, Mandalay , and Moulmein , which became People's Bank No. 4. In the 1960s, the banking sector in India was consolidating through the merger of weak private sector banks with stronger ones. IOB acquired a number of local banks: Coimbatore Standard Bank (acq. 1963; one branch at Madras), Nanjinnad Bank (or Nanjanad Bank), Coimbatore Vasunthara Bank (or Coimbatore Vasundara Bank; est. June 1924; Head office and three branches; acq. 1964), Kulitalai Bank (est. 1933; acq. 1964; six branches), Srinivasa Perumal Bank (est. November 1935 at Coimbatore; acq. 1966), and (Sri/Lord) Venkateswara Bank (est. June 1931 as Salem Shevapet Sri Venkateswara Bank; acq. 1967; two branches in Salem, Tamil Nadu ). Then in 1969,
2212-486: The 17th century. Thus, the Joseon capital of Hanseong was widely referred to as the seoul. Due to its common usage, French missionaries called the Joseon capital Séoul (/se.ul/) in their writings, hence the common romanization Seoul in various languages today. Under subsequent Japanese colonization , Hanseong was renamed as Keijō (京城, literally 'capital city') by the Imperial authorities to prevent confusion with
2291-403: The 1960s, urbanization also accelerated and workers began to move to Seoul and other larger cities. In 1963, Seoul went through two major expansions that established the shape and size of the present-day Seoul—barring minor adjustments to the borders later in 1973 and 2000. In August 1963, Seoul annexed parts of Yangju-gun , Gwangju-gun , Siheung-gun , Gimpo-gun , and Bucheon-gun , expanding
2370-549: The 1988 Summer Olympics, is the largest park. The areas near the stream Tancheon are popular for exercise. Cheonggyecheon also has spaces for recreation. In 2017 the Seoullo 7017 Skypark opened, spanning diagonally overtop Seoul Station. There are also many parks along the Han River , such as Ichon Hangang Park, Yeouido Hangang Park, Mangwon Hangang Park, Nanji Hangang Park, Banpo Hangang Park, Ttukseom Hangang Park and Jamsil Hangang Park. The Seoul National Capital Area also contains
2449-406: The 5th century. However, according to Samguk sagi , both Baekje and Silla described the land as frontier border of Baekje, not as the capital region. Moreover, Jinheung Taewang Stele found at current day Bukhansan tells that the place was underdeveloped as of 6th century AD, suggesting that the first capital Wiryeseong was not located in or nearby Seoul. In July or August 553, Silla took
Indian Overseas Bank - Misplaced Pages Continue
2528-496: The Banking Law in Malaysia, which prohibited foreign government banks from operating in the country. Each contributed their operations in Malaysia to the new joint-venture bank, with each of the three-parent banks owning a third of the shares. At the time, Indian Bank had three branches, and Indian Overseas Bank and United Commercial Bank had eight between them. Also, IOB and six Indian private banks established Bharat Overseas Bank as
2607-509: The Charter of the City of Seoul in the official gazette on October 10 of the following year. The charter declared Seoul as the name of the city and established it as a municipal corporation . Seoul's status as a municipal corporation mirrored the independent cities in the United States that do not belong to any county, and Seoul was established as an independent administrative unit, separate from
2686-571: The Improvement of Air Quality in the Seoul Metropolitan Area" was passed in December 2003. Its 1st Seoul Metropolitan Air Quality Improvement Plan (2005–2014) focused on improving the concentrations of PM10 and nitrogen dioxide by reducing emissions. As a result, the annual average PM10 concentrations decreased from 70.0 μg/m in 2001 to 44.4 μg/m in 2011 and 46 μg/m in 2014. As of 2014,
2765-820: The Indian Overseas Bank to encourage overseas banking and foreign exchange operations. IOB started up simultaneously at three branches, one each in Karaikudi , Madras, and Rangoon ( Yangon ). It quickly opened a branch in Penang , Kuala Lumpur (1937 or 1938), and another in Singapore (1937 or 1941). The bank served the Nattukottai Chettiars , who were a mercantile class that at the time had spread from Chettinad in Tamil Nadu state to Ceylon (Sri Lanka), Burma (Myanmar), Malaya , Singapore, Java , Sumatra , and Saigon . As
2844-619: The North Koreans in the June 1950 First Battle of Seoul , recaptured by UN forces in the September 1950 Second Battle of Seoul , falling to a combined Chinese-North Korean force in the January 1951 Third Battle of Seoul , and finally being recaptured once more by UN forces in Operation Ripper during the spring of 1951. The extensive fighting left the city heavily damaged after the war. The capital
2923-557: The Seoul Capital Area, which has major technology hubs, such as Gangnam and Digital Media City. Seoul is ranked seventh in the Global Power City Index and the Global Financial Centres Index , and is one of the five leading hosts of global conferences. The city has also hosted major events such as the 1986 Asian Games , the 1988 Summer Olympics , and the 2010 G20 Seoul summit , in addition to three matches at
3002-567: The Sinhalese population, escaped unscathed. In 1988–89, IOB acquired Bank of Tamil Nadu, and its 99 branches, in a rescue. Bank of Tamil Nadu (or Bank of Tamilnad), had been established in 1903 in Tirunelveli as the South India Bank. In 1992, Bank of Commerce ( BOC ), a Malaysian bank, acquired United Asian Bank (UAB). In 2000, IOB engaged in an initial public offering ( IPO ) that brought
3081-700: The U.S. military government between 1945 and 1948 was much smaller than it is today. It only covered the Fortress Wall , marked by the Eight Gates , and the districts incorporated during Japanese rule to prosecute imperial Japan's war efforts. During the Korean War , Seoul changed hands between the Soviet- and Chinese-backed North Korean forces and the American-backed South Korean forces four times: falling to
3160-498: The annual average PM10 concentration was still at least twice than that recommended by the WHO Air Quality Guidelines. The 2nd Seoul Metropolitan Air Quality Improvement Plan (2015–2024) added PM2.5 and ozone to its list of managed pollutants. Investment in air quality improvement between 2007 and 2020 in the order of US$ 9 billion on the part of three key local authorities, namely Gyeonggi, Incheon and Seoul, delivered
3239-509: The area of approximately 4 km (2.5 miles) radius surrounding the Fortress Wall (i.e., Outer old Seoul ; 성저십리 ; 城底十里 ). On October 1, 1910, Imperial Japan demoted Seoul as no different than any other city within the Gyeonggi Province . After Imperial Japan's redistricting, Seoul only included the area inside the Fortress Wall and present-day Yongsan District . In the 1930s, as part of Imperial Japan's war efforts leading up to
Indian Overseas Bank - Misplaced Pages Continue
3318-613: The bank had nine branches in Pune, two in Mumbai, and one in Shripur . In 2010 Malaysia awarded a commercial banking license to a locally incorporated bank to be jointly owned by Bank of Baroda , Indian Overseas Bank and Andhra Bank . The new bank, India International Bank ( Malaysia ), commenced operations in 2012 in Kuala Lumpur, which has a large population of Indians. Andhra Bank holds a 25% stake in
3397-479: The banking sector. A year later, in March, 1992, the combined total of branches held by public sector banks was 60,646 across India, and deposits accounted for ₹1,10,000 crore. The majority of these banks was profitable, with only one out of the 21 public sector banks reporting a loss. The nationalised banks reported a combined loss of ₹1160 crores. However, the early 2000s saw a reversal of this trend, such that in 2002-03
3476-472: The city Gyeongseong ("Kyongsong" in Korean and " Keijō " in Japanese). The city saw significant transformation under Japanese colonial rule. Imperial Japan removed the city walls, paved roads, and built Western-style buildings. Seoul was deprived of its special status as the capital city and downsized under imperial Japan, compared to the traditional notion among people of the Joseon dynasty that Seoul included
3555-458: The city as the provincial capital. Based on the naming system, the actual name of Han River during this time was likely Namcheon (Nam River) itself or should have the word ending with "cheon" ( 천 ; 川 ) not "gang" ( 강 ; 江 ) nor "su" ( 수 ; 水 ). In addition, "Bukhansan" Jinheung Stele clearly states that Silla had possession of Hanseong (modern day Pyongyang ), thus Bukhansan has to be located north of Hanseong. Modern day Pyongyang
3634-423: The city mostly in ruins. Nevertheless, the city has since undergone significant reconstruction and rapid urbanization. Seoul was rated Asia's most livable city, with the second-highest quality of life globally according to Arcadis in 2015 and a GDP per capita (PPP) of approximately $ 40,000. 15 Fortune Global 500 companies, including industry giants such as Samsung , LG , and Hyundai , are headquartered in
3713-527: The city, often through rescue archaeology . Seoul is first recorded as Wiryeseong, the capital of Baekje (founded in 18 BC) in the northeastern area of modern Seoul. There are several city walls remaining in the area that date from this time. Pungnaptoseong , an earthen wall located southeast Seoul, is widely believed to have been at the main Wiryeseong site. As the Three Kingdoms competed for this strategic region, control passed from Baekje to Goguryeo in
3792-527: The city, goes over these mountains. The city is bordered by eight mountains, as well as the more level lands of the Han River plain and western areas. Seoul has a large quantity of parks. One of the most famous parks is Namsan Park , which offers recreational hiking and views of the downtown Seoul skyline, especially via its N Seoul Tower . Seoul Olympic Park , located in Songpa District and built to host
3871-536: The control of the region from Baekje, and the city became a part of newly established Sin Province ( 신주 ; 新州 ). Sin (新) has both meaning of "New" and "Silla", thus literally means New Silla Province. In November 555, Jinheung Taewang made a royal visit to Bukhansan, and inspected the frontier. In 557, Silla abolished Sin Province, and established Bukhansan Province ( 북한산주 ; 北漢山州 ). The word Hanseong ( 한성 ; 漢城 ; lit. Han Fortress) appears on
3950-417: The country and according to satellite data, the persistent carbon dioxide anomaly over the city is one of the strongest in the world. Air quality is monitored by geo-stationary satellite measurements centred on Korea and its immediate neighbours. In January 2024 Seoul Metro , whose passengers at the time numbered approximately 7 million a day, announced plans for extensive pollution reduction measures across
4029-514: The current Ichon-dong , the Banpo apartment complex , Apgujeong-dong and Jamsil-dong . Until 1972, Seoul was claimed by North Korea as its de jure capital, being specified as such in Article 103 of the 1948 North Korean constitution . Seoul was the host city of the 1986 Asian Games and 1988 Summer Olympics as well as one of the venues of the 2002 FIFA World Cup . South Korea's 2019 population
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#17328556704624108-453: The early 1990s, the reasons being the high costs of living, urban sprawling to Gyeonggi region's satellite bed cities and an aging population. As of 2016, the number of foreigners living in Seoul was 404,037, 22.9% of the total foreign population in South Korea. As of June 2011, 186,631 foreigners were Chinese citizens of Korean ancestry. This was an 8.84% increase from the end of 2010 and
4187-476: The existing provinces. The Korean version of the Charter translated " municipal corporation " as " special free city " ( 특별자유시 ; 特別自由市 ), which later became special metropolitan city (or special metropolitan city; 특별시 ) in the Local Autonomy Act of 1949 [ ko ] . Seoul has retained its status as the only special metropolitan city in South Korea (i.e., 서울특별시 ). The City of Seoul
4266-507: The fortress), and areas 10 Ri (Korean mile) around the Fortress Wall, which were named as Seongjeosimni ( Korean : 성저십리 ; Hanja : 城底十里 ; lit. 10 Ris around the fortress). The Doseong-an area later gained the informal but popular name Sadaemun-an ( 사대문 안 ), which literally means 'areas inside of the Four Great Gates ', and became the one and only downtown (city center) of Hanyang city . In
4345-479: The functions that are handled by city governments in other jurisdictions. Each gu is divided into " dong " ( 동 ; 洞 ), or neighborhoods. Some gu have only a few dong s while others like Jongno District have a very large number of distinct neighborhoods. Seoul has 423 administrative dongs ( 행정동 ) in total. Seoul proper is noted for its population density , which is almost twice that of New York City and eight times greater than Rome . Its metropolitan area
4424-665: The government's share in the bank's equity down to 75%. In 2001 IOB acquired the Mumbai-based Adarsha Janata Sahakari Bank, which gave it a branch in Mumbai . Then in 2009 IOB took over Shree Suvarna Sahakari Bank, which was founded in 1969 and had its head office in Pune . Shree Suvarna Sahakari Bank had been in administration since 2006. It had nine branches in Pune, two in Mumbai and one in Shirpur . The total employee strength
4503-405: The historic Hànchéng to Shǒu'ěr ( 首尔 ; 首爾 ). Shǒu'ěr is a phono-semantic match incorporating both sound and meaning (through 首 meaning 'head', 'chief', 'first'). There is evidence of human habitation in the area now corresponding to Seoul from 30,000 to 40,000 years before the present. Around 4,000 B.C., people of the area lived in huts with lowered floors called umjip ( 움집 ). There
4582-585: The hottest month, has average high and low temperatures of 30.0 and 22.9 °C (86 and 73 °F) with higher temperatures possible. Heat index values can surpass 40 °C (104.0 °F) at the height of summer. Winters are usually cold to freezing with average January high and low temperatures of 2.1 and −5.5 °C (35.8 and 22.1 °F), and are generally much drier than summers, with an average of 24.9 days of snow annually. Sometimes, temperatures drop dramatically to below −10 °C (14 °F), and on some occasions as low as −15 °C (5 °F) in
4661-453: The joint-venture, Bank of Baroda owns 40%, and IOB the remaining 35%. IOB opened an Offshore Banking Unit in Colombo , Sri Lanka , on 31 August 2013. The bank also upgraded its existing Extension Counter at Bambalapitiya into a full-fledged branch. As of March-2024, IOB has 3236 branches, 3506 ATMs and 6379 business correspondents across the country. Source: Public sector banks in India Public Sector Undertakings (Banks) are
4740-419: The late 19th century, after hundreds of years of isolation, Seoul opened its gates to foreigners and began modernization. Seoul became the first city in East Asia to introduce electricity in the royal palace, which was established by the Edison Illuminating Company . A decade later the city also implemented electrical street lights. After Gojong 's proclamation of Korea as the Korean Empire in 1897, Seoul
4819-420: The mid winter period of January and February. Temperatures below −20 °C (−4 °F) have been recorded. The Seoul Metropolitan Government is the local government for Seoul, and is responsible for the administration and provision of various services to the city, including correctional institutions, education, libraries, public safety, recreational facilities, sanitation, water supply, and welfare services. It
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#17328556704624898-420: The nationalization of the Imperial Bank of India in 1955. A 60% stake was taken by the Reserve Bank of India and the new bank was named State Bank of India . The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government . The next major government intervention in banking took place on 19 July 1969 when
4977-550: The network. The target was to cut pollution to over 30% below the legal limit of 50 μg/m3. It was 32 μg/m3 by 2026. The outset actuality was 38.8 μg/m3 average concentration of pollution. Starting in 2024, ₩100 billion annually for three years was earmarked for air pollution reduction measures. These included installation of air conditioning, better ventilation systems and filters, replacement of dust-inducing gravel rail tunnel beds with concrete ones, dust-capture matting at turnstiles, and constant public readings for pollution within
5056-569: The northeastern borders of Seoul. In September, Seoul again annexed present-day Gangnam . The two consecutive expansions more than doubled the size of Seoul from approximately 268 km (103 sq mi) to 613 km (237 sq mi). After annexation, Gangnam 's development was spurred by key infrastructure projects: the construction of the Hannam Bridge (1966–1969) and Gyeongbu Expressway (1968–1970). As Seoul's population kept growing, Park 's regime focused its development plans on Gangnam. The main hurdle for Gangnam's development
5135-410: The northern border. The city lost its provincial capital position and was put under Bukhansan Province once again. This further proves that Bukhansan was located in the North of modern-day Pyongyang as changing the provincial name and objective would not be required if Bukhansan was located within Seoul. In the 11th century Goryeo , which succeeded Unified Silla , built a summer palace in Seoul, which
5214-446: The same period fell by 19% across the country and more in Seoul and Gyeonggi. Asian dust , emissions from Seoul and in general from the rest of South Korea, as well as emissions from China, all contribute to Seoul's air quality. Besides air quality, greenhouse gas emissions represent hot issues in South Korea since the country is among top-10 strongest emitters in the world. Seoul is the strongest hotspot of greenhouse gas emissions in
5293-560: The stone wall of "Pyongyang Fortress", which was presumably built in the mid to late 6th century AD over period of 42 years, located in Pyongyang, while there is no evidence that Seoul had name Hanseong dating the three kingdoms and earlier period. In 568, Jinheung Taewang made another royal visit to the northern border, visited Hanseong, and stayed in Namcheon on his way back to the capital. During his stay, he set Jinheung Taewang Stele, abolished Bukhansan Province, and established Namcheon Province (남천주; 南川州; South River Province), appointing
5372-471: The system. Seoul has a humid continental ( Köppen : Dwa ) or humid subtropical climate ( Cwa , by −3 °C or 26.6 °F isotherm), influenced by the monsoons ; there is great variation in temperature and precipitation throughout the year. The suburbs of Seoul are generally cooler than the center of Seoul because of the urban heat island effect. Summers are hot and humid, with the East Asian monsoon taking place from June until September. August,
5451-461: Was 24 micrograms per cubic meter (1.0 × 10 gr/cu ft), which is 2.4 times higher than that recommended by the WHO Air Quality Guidelines for the annual mean PM2.5. The Seoul Metropolitan Government monitors and publicly shares real-time air quality data. Since the early 1960s, the Ministry of Environment has implemented a range of policies and air pollutant standards to improve and manage air quality for its people. The "Special Act on
5530-422: Was also known by other various historical names, such as Bukhansan-gun (북한산군; 北漢山郡, during the Goguryeo era), Namcheon ( 남천 ; 南川 , during the Silla era), Hanyang ( 한양 ; 漢陽 , during the Northern and Southern States period ), Namgyeong (남경; 南京, during the Goryeo era), and Hanseong ( 한성 ; 漢城 , during the Joseon era). The word seoul was used colloquially to refer to the capital as early as
5609-497: Was estimated at 51.71 million, and according to the 2018 Population and Housing Census, 49.8% of the population resided in the Seoul metropolitan area. This was up by 0.7% from 49.1% in 2010, showing a distinct trend toward the concentration of the population in the capital. Seoul has become the economic, political and cultural hub of the country, with several Fortune Global 500 companies, including Samsung , SK Holdings , Hyundai , POSCO and LG Group headquartered there. Seoul
5688-759: Was estimated to be little over 100. IOB opened an extension counter at New Kathiresan Temple complex, Bambalapitiya , Sri Lanka, on 29 August 2003. In 2005 IOB opened a representative office in Guangzhou , China . The next year IOB opened another representative office, this time in Kuala Lumpur . In 2009 IOB opened a Representative office in Dubai , United Arab Emirates . In the new millennium, international expansion picked up once again. In 2007, IOB took over Bharat Overseas Bank . Then in 2009 IOB acquired Pune-based Shree Suvarna Sahakari Bank , which had been established in 1969;
5767-408: Was floods because the area is low-lying and prone to flooding. Then Seoul mayor Kim Hyun-ok ordered construction of an expressway that doubled as embankment , which became the present-day Gangbyeon Expressway . The construction started in March 1967 and completed in September of the same year. Similar projects transformed previously flood-prone areas into usable land for development. Such areas include
5846-505: Was not Pyongyang, Taedong River was likely Han River, and Bukhansan was not Bukhansan during the three kingdoms period. Moreover, Pyongyang was a common noun meaning capital used by Goguryeo and Goryeo dynasties, similar to Seoul. In 603, Goguryeo attacked Bukhansanseong (북한산성; 北漢山城; Bukhan Mountain Fortress), which Silla ended up winning. In 604, Silla abolished Namcheon Province, and reestablished Bukhansan Province in order to strengthen
5925-477: Was partially finished around 1396. The city of Hanyang was governed by the Hanseongbu [ ko ] ( 한성부 ), an agency of the national government dedicated to affairs on the administration of the capital city. The Hanseongbu divided Hanyang into two major categories: areas inside the Fortress Wall, which were typically named Seong-jung ( 성중 ; 城中 ) or Doseong-an ( 도성 안 ; lit. Inside
6004-408: Was referred to as the "Southern Capital". It was only from this period that Seoul became a larger settlement. Seoul became the planned capital of Korea by Yi Seong-gye , the founding father of the Joseon dynasty. After enthroning himself as King at the capital of old Goryeo in 1392, Yi Seong-gye changed the name of his Kingdom from Goryeo to Joseon in 1393 and began his search for a place for
6083-514: Was temporarily called Hwangseong ( 황성 ; 皇城 ; lit. the imperial city). Much of modern development around this era was propelled by trade with foreign countries like France and the United States. For example, the Seoul Electric Company , Seoul Electric Trolley Company, and Seoul Fresh Spring Water Company were all joint Korean–U.S. owned enterprises. After the annexation treaty in 1910, Japan annexed Korea and renamed
6162-486: Was temporarily relocated to Busan . One estimate of the extensive damage states that after the war, at least 191,000 buildings, 55,000 houses, and 1,000 factories lay in ruins. In addition, a flood of refugees had entered Seoul during the war, swelling the population of the city and its metropolitan area to an estimated 1.5 million by 1955. Following the war, Seoul began to focus on reconstruction and modernization. As South Korea's economy started to grow rapidly from
6241-481: Was the most densely populated among OECD countries in Asia in 2012, and second worldwide after that of Paris . As of the end of June 2011, 10.29 million Republic of Korea citizens lived in the city. This was a 0.24% decrease from the end of 2010. The population was 10.44 million in 2012, and 9.86 million in 2015. As of 2021, Seoul's population is 9.59 million. The population of Seoul has been dropping since
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