Deoghar, considered to be a holy city, is a part of the Indian state of Jharkhand. It functions as the administrative headquarters of the Deoghar District. It is located in the Santhal Parganas division of harkhand. This city is known for the famed Baidyanath Dham Temple which is one of the 12 Jyotirlinga shrines in India. The city has mythological origins and houses famous mythological temples. Thus Deoghar attracts a lot of tourists and devotees. The famous educational institutions in the city are Deoghar College, Deoghar Ramakrishna Mission and the campus of Birla Institute of Technology. The city has over 2 lakh residents who speak in Hindi. Other popular tourist destinations in and around the city are the Tapavan, the Trikut Parvat, Naulakha Mandir, Nandan Pahar and Sri Sri Thakur Anukul Chandra Satsang Ashrama.
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.