salem is a city in the South Indian state of Tamil Nadu. It is popularly known as steel city or mango city. The city has the administrative headquarter of the Salem district and is known to be the 5th largest city in Tamil Nadu in terms of area and population. The city has a municipal corporation with 72 wards headed by elected representatives. The textile industry drives the economy of the city. Salem has 125 spinning mills, weaving units, dye units and garment units which work together to ensure a flourishing textile industry. There are a few sago factories in the area, known for the production of starch. The city and its outskirts are rich in mineral ores. Some of the largest magnesite and bauxite deposits in the country are mined here. The city is known for the famous Salem Steel Plant, which is a unit of the Steel Authority of India. The Salem Steel Plant produces cold-rolled stainless steel as well as the hot-rolled stainless-carbon steel alloy. All of these together form a major part of the economy and commerce of Salem. There are many famous places of worship in the vicinity of Salem. The Kottai Mariamman Temple, Sugavaneshwarar Temple, Jama Masjid, ISKCON, Christ Church, etc. are spots that draw tourists. There are several pristine educational institutions in the region such as the Periyar University, the Government College of Engineering, etc., salem is popularly called the steel city or mango city. It is located in the Indian state of Tamil Nadu. Salem is Tamil Nadu?s 5th largest city in terms of area and population and it operates as the administrative headquarter of the Salem district. 72 wards join to make the municipal corporation of Salem and each ward is headed by an elected representative. Salem?s textile industry forms the backbone of its economy. Numerous spinning mills, weaving units, garment units and dye units work in unison to boost the textile industry of Salem. The city has a few sago factories that are known for the production of starch. Salem and the surrounding area are rich in mineral ores that support the mining of magnesite and bauxite. The famous Salem Steel Plant produces cold-rolled stainless steel and hot-rolled stainless-carbon steel alloys. It is a unit of the Steel Authority of India. These industries together boost the economy and commerce of Salem. Quite a few renowned places of worship can be found in and around Salem such as the Kottai Mariamman Temple, Sugavaneshwarar Temple, ISKCON, Jama Masjid, Christ Church, etc., salem, popularly known as steel city or mango city, is a city in the South Indian state of Tamil Nadu. Salem functions as the administrative headquarter of the Salem district. It is also the 5th largest city in the state in terms of area and population. The municipal corporation of Salem has 72 wards, each headed by an elected representative. The textile industry forms the backbone of the economy of Salem. The city has 125 spinning mills, many weaving units, dye units and garment units
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.