Erode is a small and beautiful city located on the banks of the Kaveri River in the Indian state of Tamil Nadu. The seventh largest city in the state, Erode is often referred to as the Textile city or the Turmeric city. Erode is an ancient region with a great history and cultural significance. The modern city has half a million population from different religions and it is divided into 60 for effective civic governance. The economy of Erode is primarily driven by the textile, turmeric and oil industries which provide employment opportunities to a good portion of the city?s population. Erode is also known for industries such as rice mills, leather processing, paper production, engineering, auto and looms. The BPO sector in this city is gradually developing. Erode is also known for its handloom products, knitwear and food products. The Government Technical Institute is a prominent educational institution in the city. A few places of tourist attraction in and around Erode include the Thindal Murugam Temple, CSI Brough Church, Thowheeth Mosque, Sankagiri Fort, Natadreeswarar Temple, Vellore Birds Sanctuary, etc.
On 25 July 1916, The Karur Vysya Bank Limited, popularly known as KVB was founded to capitalize the unexplored market of traders and agriculturists in and around Karur, a town in Tamil Nadu. Though the bank initiated with a seed capital of ?1 lakh, unlike many other banks, the seed capital has grown, as the services were sold. The bank is controlled and supervised by the Board of Directors gathered from different streams. The bank spread its approach out of Karur town of Tamil Nadu and established approximately six hundred and sixty eight branches in other States and Union Territories to gain a pan-India presence realizing that there is more money elsewhere. On 27 January 2012, Shri K.K. Balu was appointed as an Additional Director of the Bank. The total business volume was 1,00,000+ crore, as of Dec 2017. As on 1 July 2018, the bank had increased branches and ATMs during the year thus accounting the total number to 798 branches and 1,780 plus ATMs. It provides services such as personal, agricultural banking, corporate, and services to NRIs and MSME. The bank offers housing loan, personal loan, insurance, and fixed deposits among others under private banking.