Berhampur is a city near the eastern coastline of the Indian state of Odisha. It is located in the Ganjam district. This east Indian city is also known as Brahmapur. The city has around 4 lakh residents who mostly follow Hinduism. Although Odia is the commonly spoken language in this city, about 40% of the population speak in Telugu owing to the city being located near the state border between Odisha and Andhra Pradesh. The people of Berhampur are quite fond of theatre arts. The notable educational institutions in this city are the Indian Institute of Science Education and Research (IISER), Bhanja Bihar Campus of Berhampur University, Khallikote University, Lingaraj Law College, etc. The city experiences torrid summers and mild winters with heavy rainfall during the monsoon. The city is known for its innumerable temples.
In 1926, seven businessmen of Karur founded Lakshmi Vilas Bank under the leadership of Shri V.S.N. Ramalinga Chettiar. They aimed to serve the financial needs of people who were occupied in trading businesses, industry and agriculture, in and around Karur. 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. After the Banking Regulations Act was introduced in1949, the bank received its banking license from RBI and became a scheduled commercial bank? revealing its capability to operate as a full-fledged commercial bank. Lakshmi Vilas Bank did considerable expansion of its branch network from 1961 to 1965, when the bank took over nine other banks. The bank started the development of its branch network beyond Tamil Nadu in 1974 to take benefit from the additional opportunities across India. Thus, offices were established in the neighboring states of Karnataka, Andhra Pradesh, and Kerala, critical financial centres like Kolkata, Mumbai and New Delhi, as well as in other prominent business centers in Madhya Pradesh, Maharashtra, and Gujarat.