Kolhapur is a city in the Indian state of Maharashtra. It serves as the administrative headquarters of Kolhapur District. Kolhapur has a vast historical and cultural background and is often recognized by its historical name of Karvir. Its history is marked by the rule of several dynasties who left their marks at various places in the city is marked in terms of palaces and other landmarks. The economy of the city is fuelled by manufacturing industries like textiles, leather and handicraft. Tourism and agriculture are the other two source of income for people in this city. The city is famous for its nation-wide popular Kolhapuri chappal, which is a hand-crafted buffalo leather slipper, locally tanned using vegetable dyes. Other handicrafts include manual block printing on textiles, silver goods, oxidized silver artwork, jewelry crafting, pottery, wood carving, lacquerware, brass sheet work and embroidery. The Marathi Film Industry is based out of Kolhapur and considerably contributes to the citys economic growth. The tourism industry draws devotees and tourists alike to this city. The city serves as a religious and tourist destination for Indians due to places like Mahalaxmi Temple, Jyotiba Temple, Siddhagiri Museum, Panhala Fort, Rankala Lake, etc.
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.