Mangalore has been recently renamed as Mangaluru. It is a well-known port town in the Indian state of Karnataka. The city serves as the administrative headquarters of the Canara region of Karnataka. It is well known for its splendid beaches as well as a relaxed lifestyle. The Mangalore port fuels the development of the city, making it strategically the most important city on the Malabar coast. Mangalore, being one of the most cosmopolitan towns in the region, has a diverse population. The city lies on the estuary of the Netravati river and thus has a very fertile soil which supports the cultivation of coffee and cashews. Exports, commerce and petrochemicals drive the economy of the city. The IT industry is gradually gaining prominence in Mangalore as companies like Infosys, Cognizant, Mphasis have recently opened their offices in the city. Mangalore has large petrochemical companies like MRPL, MCF, ELF. Mangalore along with the adjoining city of Manipal combine to form a hub for education. Institutes like NIT Ranchihkal, Kasturba Medical College, Manipal University, Mangalore University, etc. attract students from all over the country. Mangalore boasts of its natural beauty and tourists flock to the city to relish the pleasant aura of the Tannirbhavi beach, the Panambur beach, St. Marys island, Kudroli Gokarnath Temple, Kadri Manjunath temple, Sammilan Shettys butterfly park, Rosario Cathedral, 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.