Bihar Sharif. located in the Indian state of Bihar, functions as the headquarters of the Nalanda district. It is the fifth-largest sub-metropolitan region in the state. Its name is derived from two words - Bihar which is taken from the name of the state as well as from the word Buddha Vihara; and sharif which refers to the resting place of the Sufi saint Sheikh Sharfuddin Yahya Maneri. The city is a renowned hub of education and trade in the southern regions of Bihar. The economy of this city centers around agriculture, tourism and household manufacturing. Crops such as potato, cauliflower, mustard seed and other vegetables are cultivated and sold to neighboring states. The city serves as a gateway to Nalanda, Rajgir and Pawapuri; thus tourism also boosts the citys economy. The household industries manufacture footwear and garments that add to the revenue generation of the city. Bihar Sharif is currently competing to obtain funds under PM Narendra Modis flagship Smart Cities Mission.
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.