Anantapur, situated in the Indian state of Andhra Pradesh, is a small city that functions as the mandal headquarters as well as the divisional headquarters of the Anantapuramu mandal and the Anantapur revenue district respectively. Its official name is Anantapuramu. The region experiences a semi-arid climate that remains hot and dry for most of the year. Around 2.5 lakh people live in the city. Anantapuramu provides railway connectivity and it is labeled as an A?category station in the Guntakal railway division. It is connected to the nearby cities through several national and state highways. Millets like Jowar, Bajra and Ragi are cultivated here for consumption as well as trade. The important educational institutions in Anantapur are Sri Krishnadevaraya University, Sri Sathya Sai University and a campus of JNTU. Telugu is the most widely spoken language. Urdu, Kannada and English are also spoken.
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.