The ancient city of Gaya in the Indian state of Bihar has great historical and mythological significance. It is located on the banks of the Phalgu River and is considered to be a place sanctified by the Hindu, Jain and Buddhist religions. Gaya is surrounded by small rocky hills on three sides and the river on the fourth side. The city displays a harmonious mix of natural surroundings, ancient buildings, greenery and narrow by-lanes. Gaya has been mentioned in the great Hindu epics of Ramayana and Mahabharata. Rama, Sita and Lakshmana had visited Gaya to offer "pind-daan" after their father Dasharaths death. The place appears as Gayapuri in the Mahabharata. Gaya has many household industries like incense sticks, stone crafting, power looms as well as local sweets like tilkut and lai. There are some small-scale manufacturing industries for packaging, plastic products, scrap and handlooms. Gaya is an important center for religious tourism. Hence, there are numerous affordable Hotels and other accommodations which contribute to the citys economy. Gaya boasts of a bright educational history. Pristine institutions such as the Magadh University, the Gaya College, the Gaya Engineering College support the education of the youth. A branch of the Indian Institute of Management (IIM) Bodhgaya has also been recently established in Gaya.
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.