Ranchi is the capital city of Jharkhand. This Indian city was made the the state capital when Jharkhand state was formed in 2000. Ranchi is one among the hundred cities selected to be developed as smart cities. Jharkhand has a large base for mining and industrial ores, and thus Ranchi gets a premier status in its trade and export. Since it is the capital city of the state, Ranchi has the civic administration which employs a host of the citys residents. The lush green forests cover the region which hosts numerous waterfalls - Hudru, Jonha, Dassam, Hirni, Panchghagh are few to name. Thus Ranchi is often called the "city of waterfalls." The city is rich in mineral resources which drive the economy of the city. The major industrial sectors that dot its landscape include mining, engineering, furniture, paper, rayon, etc. which are further developed by public and private sector industries such as Central Coalfields, Heavy Engineering Corporation, SAIL, Marine Diesel Engine Project, etc. The educational hub in the city is led by institutions like the Ranchi University, IIM, NIFFT, XISS, etc. For a tourist or visitor, Ranchi offers a plethora of attractions which include its famous waterfalls as well as places like Gonda hills rock garden, Jaggannathpur temple, Nakshatra Van, etc.
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.