satara is a city in the Satara District of the Indian state of Maharashtra. It lies near the confluence of the Krishna and the Venna rivers. The city was established in the 16th century and has been named after the seven forts (sat-tara) found in and around the city. Satara is famous for its sweet called kandi pedhe. It is located at the base of the famous Ajinkyatara fort. There is a unique statue of Shivaji standing near a canon (instead of riding a horse) in Satara. The city has centuries-old ancient palaces called Juna Rajwada and Nava Rajwada that are famous for its majestic grandeur. The Thoseghar Waterfalls and the Vajrai Waterfall in the vicinity of the city are famous tourist attractions. This growing city has a population of around 1.2 lakh people. It is well connected to all other cities in the vicinity through road and railways.
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.