Aurangabad is a historically and culturally important city in the state of Maharashtra. It houses one of the Worlds Heritage Sites, Ajanta and Ellora Caves, which makes the tourists swarm in to this city at any time of the year. Aurangabad has various cultural lineage linked to it. It was found in 1610 by Mughal Emperor Aurangzeb and the city was named after him. Lately, the city is heading towards a rapid industrial growth but the most exciting thing about the city is that its culture, heritage and traditions still remain intact. Beautifully situated near the elevated Deccan Plateau, it has beautiful locations to explore and a mix of cultural heritage to offer to its visitors. The city was found by Aurangzeb in 1610 but it wasnt as relevant in the medieval period. The city gained importance in the entire country after it was turned into the capital of the entire Mughal Empire from 1653 to 1707. After the death of Aurangzeb, the glory of the city was faded. Aurangabad has facsinating monuments like Bibi-qa-Maqbara, Taj Mahal Replica and the famous Buddhist caves.
On 31st October 1904, The Kumbakonam Bank Limited as it was then called was incorporated as a limited company. The first MOA was signed by 20 devoted and prominent citizens of Kumbakonam including T.S.Raghavachariar, Sarvashri R. Santhanam Iyer, S.Krishna Iyer, and V.Krishnaswami Iyengar. The First Agent of the Bank was T.S.Raghavachariar. He was succeeded by Shri R. Santhanam Iyer, who was designated as Secretary of the bank under the amended Articles of Association which states that "now onwards the secretary will be the in charge of the Banks Management in place of an agent." Shri S. Mahalinga Iyer succeeded him as Secretary who subsequently became the First full-time MD of the Kumbakonam bank as per the amendment of Articles in 1929. From 1926 to 1929, he held the position of Secretary and that of MD from 1929 to 1963. in the beginning. The bank preferred the role of a regional rural bank and slowly built an office in the Delta District, Thanjavur. On 24th January 1930, the first branch of the Bank was opened at Mannargudi. After that, branches were opened at several places within a span of 25 years. On November 14, the bank celebrated its golden jubilee at Kumbakonam.