The scenic city of Imphal is the capital of the Indian state of Manipur. The ruins of the ancient Palace of Kangla, which is surrounded by a moat, is located in the center of this city. It used to be the royal seat of Kingdom of Manipur. The city is known for its several prestigious educational institutions such as IIIT Manipur, Manipur Institute of Technology, NIT Manipur, Manipur Technical University, Jawaharlal Nehru Institute of Medical Science, Manipur Central University, Central Agricultural University, National Sports University, Manipur University of Culture, etc. There are several branches of Don Bosco, DAV Public School, Kendriya Vidyalaya and Jawahar Navodaya Schools in and around the city that makes Imphal an educational hub. Imphal serves as an important location for tourism in Manipur - the Kangla Fort on the banks of the Imphal River has many temples inside and is surrounded by a beautiful lake. The Hiyangthang Lairembi Temple Complex, Imphal War Cemetery, India Peace Memorial on Red Hill, Ima Keithel Womens Market are few of the places in the city that are worth visiting. The economy of Imphal is primarily agrarian. The soil and the climatic conditions support the cultivation of various grains, oilseeds, fruits and vegetables. The handloom and handicraft industry is the largest cottage industry in the city and excels in weaving as well as cane and bamboo crafts. Tourism also fuels the citys economy.
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.