Coimbatore is situated in the south Indian state of Tamil Nadu. It is the second largest city in the state, after Chennai. Coimbatore is one of the largest producers of cotton and it is famous for its textile industry. The city has played an essential role in the Indian independence and has gained popularity after independence. It has witnessed industrial growth in the last few decades concerning the textile industry, information technology, commerce, education and healthcare. It is known as the manufacturing hub of Tamil Nadu. The city is surrounded by the Western Ghats in the West and the North. The Nilgiri Biosphere Reserve is on the northern side of the city. The citys urban wetlands are home to around 116 species of resident and migratory birds. Many exotic birds such as the spot-billed pelican, painted stork, ibis and black-winged stilt visit the area on their migration route. Coimbatore has a lot of entrepreneurial ventures. Although a diverse and cosmopolitan city, Coimbatore has a refined taste for art and culture. It conducts its own music, art and dance festivals every year around September and December, during the Margazhi month of the Tamil calendar. Coimbatore serves as an educational hub for South India. The Coimbatore district hosts seven universities apart from many engineering, medical and polytechnic colleges. There are more than 150 Arts and Science Colleges in the city besides a large number of schools.
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.