Haldia is an industrial city as well as a port city in the Indian state of West Bengal. It is located in the Purba Medinipur district. Haldia has a major river port and an industrial belt, situated at a distance of more than 100 kilometers from Kolkata, near the mouth of the Hooghly River. The Haldi River, an offshoot of Ganges, borders the Haldia Township. Haldia is a center for the petrochemical industry and is being improved into a major trade port for Kolkata. The city has around 2 lakh residents, mostly employed in the industrial sector. Haldia has numerous factories such as South Asian Petrochemicals Ltd, Exide, Indian Oil Corporation Limited, Tata Chemicals, India Power Corporation Ltd., Haldia Petrochemicals, Mitsubishi Chemical Corporations, Hindustan Lever, etc. in addition to several light industries. Apart from being well connected to the rest of the country via railway and road, Haldia is also connected via waterway. The National Waterway 1 is a 1620 km long inland waterway. It connects Haldia to Allahabad and runs across the Ganges, the Bhagirathi river and the Hooghly river systems. Haldia has a mini Japanese township called Sataku. A Japanese community lives in the area, whose residents work as engineers and top executives in the Mitsubishi Chemical Corporations purified terephthalic acid plant in Haldia.
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.