The Indian city of Gandhinagar is situated in the state of Gujarat. It is often referred to as the "Green city" or the "Ecopolite city." Gandhinagar is the capital of Gujarat and it lies on the bank of River Sabarmati. It functions as the administrative capital of Gujarat which was shifted to this newly built city from the city of Ahmedabad that continues to function as the commercial hub of the state. Gandhinagar is a planned city with modern architecture as the infrastructure of the city. As the state capital, it carries the entire political machinery of the state, housing all the government offices and the people employed in them. The city operates as the administrative heart of Gujarat. It is the seat of bureaucracy and thus the economy of the city is led by government employment. Recently, a thermal power plant and a software tech park have been established to promote economic development. The city houses a lot of educational institutions of great repute including the Central University of Gujarat, the National Institute of Design, Gujarat Forensic Sciences University, Gujarat National University of Law, IIT Gandhinagar, etc. Gandhinagar is known for the Akshardham temple which draws many tourists throughout the year.
After the Banking Regulations Act was introduced in1949, the Laxmi Vilas Bank received its license from RBI and became a scheduled commercial bank? revealing its capability of operating as a full-fledged commercial bank. The Laxmi Vilas Bank is a private sector bank and was founded in 1926. It is based in Chennai, Tamil Nadu, India and did considerable expansion of its branch network from 1961 to 1965, when the bank took over nine other banks. In 1976, the bank obtained the status of Authorized Dealer in foreign exchange for providing services to the customers involved in international trade as well as to travelers who travel overseas. In 1977, the mechanization was introduced in the administrative office. The bank implemented core Banking Solution (CBS) in October 2006, and all of the banks branches were migrated to CBS by March 2008. Lakshmi Vilas Bank has 523 offices,984 ATM centers, and seven extension counters, as of 2018. Mr. Partha Sarthi Mukherjee is the MD and CEO of Lakshmi Vilas Bank. The bank was established on November 3, 1926, under the Indian Companies Act, 1913, and on November 10, 1926, it obtained the certificate to commence business.