The holy city of Banaras or Varanasi is located in the Indian state of Uttar Pradesh. It is one of the ?Sapta Puri? or seven holy cities where one can attain ?Moksha.? It is believed that Lord Shiva was the founder of this city that dwells on the banks of the holy Ganga. Hindu pilgrims perform ceremonies, ritualistic ablutions as well as cremation and last rites in the river ghats which are embankments made of stone slabs. The Dashashwamedh Ghat is the most spectacular one that attracts a lot of tourists to see the beautiful evening rituals. Numerous devotees and tourists from all over the world flock to Varanasi every year to visit the famous Kashi Vishwanath Temple among several others. There are several mosques and Jan temples in and around the city as well. Tourism boosts the city?s economy, along with certain medium and small-scale industries and agricultural produce. The fertile Ganges plains help the farmers cultivate crops like wheat, maize and sorghum. Copper and brass goods are also manufactured in this city apart from the small-scale industries that produce rugs, carpets, clay toys and other handicrafts. All of these contribute to the city?s economy. Varanasi is also well known for its perfumes, silk and muslin fabrics, jewelry designs, sculptures and ivory crafts. This ancient city is indeed rich in its culture and traditions.
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.