Raebareli is a city as well as a municipal board that functions as the administrative headquarter of the Raebareli district in Uttar Pradesh. The city is situated on the bank of the Sai river, The city has many architectural wonders and sites, chief among which is a strong and spacious fort. The city is a part of the Gangetic alluvial plain. The mineral of importance in this area is kankar. Deposits of reh and brick earth are also found in the nearby areas. The Rae Bareli district is under the Lucknow division of the state. The city is divided into 15 blocks to ensure effective management and civic governance. Raebareli has quite a few educational institutions of great repute such as campuses of Kendriya Vidyalaya, AIIMS, NIFT, etc. The Indira Gandhi Rashtriya Uran Akademi is an institute located in Raebareli that trains pilots. There are around 2 lakh residents in this city who speak in Hindi.
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.