Gulbarga, also known as by its official name Kalaburagi, is an urban agglomeration situated in the southern Indian state of Karnataka. Standing on the banks the Krishna and Bhima rivers, it is one of the most important cities in the state and also the administrative headquarters of Gulbarga District. The current administration of Gulbarga is carried out by representatives elected to service its 55 wards. The economy of Gulbarga is mainly dependent on agriculture. The place is known for the cultivation of Pigeon Peas and Toor Dal. Recently, upon the state governments initiatives, many industries have been set up in and around the city. Gulbarga has units to manufacture cement, textile, leather and chemicals. Gulbarga is the home to many educational institutions like the Karnataka State University, KBN institute of medical sciences and Gulbarga Institute of Medical Sciences. Gulbarga is well known as a tourist destination as well. There are many temples and forts in the area. Tourist spots such as the Bahmani fort, the Government Museum, the Holkonda fort, the Ferozabad Fort, the Sharanabasaveshwar Temple, Shri Sadguru Dattatreya Narasimha Saraswati, Shri Kshetra Ganagapur, Sri Hulakantheshwar Temple are frequented by tourists.
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.