Ulhasnagar is a small and developing city located in the Thane district of the Konkan division in the Indian state of Maharashtra. It is about 55 km from away from Mumbai but is included in the Mumbai Metropolitan Region. The town city an area of approximately 13 square kilometers which is divided into 285 blocks. It is a hub for the production of rayon silk, ready-made garments, dyes, confectionaries and electrical & electronic appliances, which contribute to the citys economy. Ulhasnagar is considered to be one of the largest manufacturers and exporters of denim jeans. The city has around five lakh residents. There are 129 primary schools, 56 Secondary Schools, nine Higher Secondary schools, three colleges and two Technical Colleges in Ulhasnagar. There are many public libraries, sports grounds and movie theatres to provide entertainment facility to the residents.
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.