Kollam, formerly known as Desinganadu, is an old seaport and a thriving city in the Indian state of Kerala. It is a port city along the Laccadive Sea coast. Mar Sabor, an East Syriac bishop, had founded the Kollam Port. The city is situated on the banks of the Ashtamudi Lake. In ancient times, Kollam had a strong commercial relationship with the Chinese. Kollam city ranks 5th in the country and 3rd in Kerala in terms of per capita income and economic performance. The port city has an excellent export background. Fishing and dairy farming largely contribute to the citys economy. The government is about to establish a fishing harbor in the vicinity of the city in order to increase the fish production. Fisheries, hatcheries, turkey and poultry farms are also plentiful in the city. The city also has a rich mineral base. The sands on the beaches and the entire area has a good amount of heavy minerals such as Ilmenite, Monosite, Rutile and Zircon, which can be used for industrial purposes. There are limestone deposits and bauxite in and around the city. Kollam is often called the "Cashew Capital of the World", as the city is noted for its traditional cashew business. This city is a microcosm of Kerala and its residents are from various religious, ethnic and linguistic groups.
The Karnataka Bank Limited is commercial banking institution having a network of 807 branches, 1374 ATMs across 22 states and two union territories having 8,220 employees and over 9.65 million customers throughout the country. Over 1,46,000 shareholders privately own its shares and the tagline of the bank is "Your Family Bank Across India."In August 2008, Sun and NDTV Green IT Award were received by Karnataka Bank Limited in recognition of the banks "green policies" and use of earth-friendly technology such as solar power. For the year 2010-11, the bank received the Best Bank Award for "Managing IT Risk" under small bank category, by Institute for Development and Research in Banking Technology (IDRBT). The Karnataka Bank Limited was incorporated on 18 February 1924 and operations were commenced on 23 May 1924. Quick Remit, a facility of money transfer was introduced by the Karnataka Bank Limited in August 2008 for Non-Resident Indians living in Canada, United States, and the UK. The bank also runs a 24-hour Internet banking service called Money click. Some of the digital banking products of Karnataka Bank Ltd are KBL-ApnaApp, KBL-m PassBook, KBL Smartz and KBL POS Manager.