The city of Sagar is located in the Indian state of Madhya Pradesh. It is situated on the Vindhya Range at the height of 1758 feet above sea-level. Sagar is located almost in the center of the country. Its original name was saugor which is a combination of two words: sau that means Hundred in Hindi and garh which is the Hindi word for forts. The city had countless small-forts in its vicinity and hence it was named this way. The original name was eventually modified to Sagar. This city has been selected to be developed as a smart city under PM Narendra Modis flagship Smart Cities Mission. The city experiences a humid subtropical climate with hot summers and comfortable winters. Sagar is home to more than 2 million residents.
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.