Tirupati is a religious city in the Chittoor district of the Indian state of Andhra Pradesh. The Ministry of Tourism of India awarded the title of the "Best Heritage City" to Tirupati in 2012-13. The city is being developed into a smart city. The city has a population of around three lakhs but it attracts lakhs of devotees who come to visit the famous Tirumala Venkateswara Temple. It is the worlds richest temple of Lord Venkateswara. Tourism is the major industry and main source of economic growth in Tirupati. The entire economy of the city is either directly or indirectly dependent upon Tirumala Tirupati Devasthanams. Being a tourism hub, the hospitality industry has also become a major industry in Tirupati as the city is dotted with hotels, lodges and other forms of accommodation for the devotees and tourists. Apart from tourism, the city is also known for its textile, mobile, automobile, electrical and electronic industries. Besides the main Tirumala Venkateswara Temple, devotees flock to this city to visit all the other ancient temples such as the Padmavathi Temple at Tiruchanur, the Kapileswara Temple at Kapila Theertham, the Govindaraja Temple, the Thathayyagunta Gangamma Temple, Sri Kodandaramaswami Temple, etc.
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.