The Indian city of Belgaum is a city in the northern part of the state of Karnataka and lies along the Western Ghats. The Government of Karnataka intends on making Belgaum the second capital of Karnataka. It is being developed into a smart city. The city was earlier known as Venugram which means Bamboo village in Sanskrit. The city has recently acquired a new name as "Kunda Nagari" for its famous sweet dish called "Kunda" which is made of milk, sugar and spices. The city is also known for its sugarcane cultivation and production and is hence often referred to as the "Sugar Bowl of Karnataka" or the "Sugar District." The Government of Karnataka officially changed the name of the city to Belagavi on 1st November 2014. Belgaum experiences a pleasant climate throughout the year and hosts around 6 lakh residents. The city receives heavy rainfall and has abundantly available water due to the rivers in the vicinity. Hence, the fertile soil supports the cultivation of various vegetables and fruits. Belgaum is also a source of poultry, meat and fish. The mining industry also thrives in the area due to the availability of aluminum and uranium ores. The city hosts prestigious educational institutes like the Visvesvaraya Technological University, Karnataka Law Society and Rani Channamma University.
Under the Companies Act of 1913, South Indian Bank was registered as a Private Limited Company and started operations on 29th January 1929 at Round South, Thrissur. South Indian Bank Limited is based at Thrissur in Kerala, India. It has 852 branches, four service branches,56 extension counters, and 20 Regional Offices spread across the states and union territories of India. Under Financial Inclusion till date, the bank has covered more than 100 villages and 15 urban centers and opened more than ten exclusive FLC Centres in the bank premises, which spreads across the states of Kerala, Andhra Pradesh, Tamil Nadu, and Chhattisgarh. SIB has appointed direct Business Correspondents in the allocated rural areas under the supervision of a team of officers in the FIP Cell - Head Office. Recently "KIOSK Banking Model" is introduced by the bank as Financial Inclusion Initiative in collaboration with Akshaya e-centres in Kerala state through the software service provider - M/s Tata Consultancy services. The kiosk is a kind of banking model for people who are living in areas where banking facilities are not available so that they can avail necessary banking facilities from a nearby service center or Business Correspondent Office without visiting a regular bank branch. Basic banking needs of the public like the opening of an account, deposit and withdrawal of cash, etc. can be availed from these common service center/BC Office.