Jalgaon is a small and developing city in western India, located in the state of Maharashtra. It is also known as Khandesh and the Girna River flows through the city. Jalgaon serves as the administrative headquarters of the Jalgaon district with almost half a million residents and a separate a municipal corporation. This city is known for its banana cultivation as it produces more than 16% of the countrys bananas, which adds up to 3% of the worlds total banana production. There are a few prestigious academic institutions in Jalgaon. The North Maharashtra University established in August 1989, the Government Polytechnic Jalgaon established in 1960 and the Government College of Engineering established in 1996 ensure a sound education to the young minds of this city. Tourism fairly contributes to the citys economy as there are plentiful temples in and around Jalgaon that attract a lot of Hindu devotees. Apart from the temples, the Gandhi Teerth Museum and the Mehrun Lake are popular places of tourist attraction.
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.