Thane is a city in the northwestern side of Maharashtra, around 25 kilometers away from Mumbai. Just like Mumbai, Thane experiences a humid tropical climate with heavy rainfall during monsoon. An immediate neighbor of Mumbai, Thane, is an extremely populous urban agglomeration with nearly two million residents. It is a part of the huge Mumbai Metropolitan Region. Being more of a residential city, the people of Thane mostly work in the service sector of the Mumbai Metropolitan area. Thane generates the fifth largest GDP in the state. Thane holds great records of history. Indias first railroad was laid in Thane and it was the terminus for Asias first ever passenger train which was inaugurated on 6th April 1853. The train connected a stretch of 34 kilometers from Thane to Colaba. The city has rapidly developed and is now well-connected with several neighboring suburbs and other cities through railways as well as roadways. With a handsome share of skyscrapers and plenty of amenities, Thane has become one of the most well-developed and well-planned cities in Maharashtra. Thane provides a great number of opportunities as well as a lifestyle similar to Mumbais. Thane is away from the cacophony of Mumbais city life, yet it is near enough to feel Mumbais lively vibes.
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.