Eluru is a small city in the Indian state of Andhra Pradesh. It also functions as the district headquarters of the West Godavari district as well as the Mandal headquarters of the Eluru Mandal in the Eluru revenue division. The city lies beside the Tammileru river. The city is well known for its carpets, wool-pile and hand woven products. Eluru has a population of more than 2 lakh people and experiences a hot and humid climate. Eluru Municipal Corporation is the civic body governing Eluru, which includes the census towns of Sanivarapupeta, Tangellamudi, Satrampadu, Gavaravaram, parts of Komadavole and Eluru villages. Eluru has been known for rug weaving since the 17 century - an art derived from the weavers of Iranian descendants. The thriving wool-pile and carpet industry boosts the citys economy. The eco-friendly carpets are exported to various countries. Buddha Park at Eluru is a popular tourist destination. The Kolleru Bird Sanctuary is home to many native and migratory birds. Fr. Silvio Pasquali Memorial Convent at Duggirala contains a replica of the ?Holy Land? of Israel, which is definitely worth a visit.
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.