Jalgaon is a small and developing city in western India, located in the state of Maharashtra. It is also known as Khandesh and the Girna River flows through the city. Jalgaon serves as the administrative headquarters of the Jalgaon district with almost half a million residents and a separate a municipal corporation. This city is known for its banana cultivation as it produces more than 16% of the countrys bananas, which adds up to 3% of the worlds total banana production. There are a few prestigious academic institutions in Jalgaon. The North Maharashtra University established in August 1989, the Government Polytechnic Jalgaon established in 1960 and the Government College of Engineering established in 1996 ensure a sound education to the young minds of this city. Tourism fairly contributes to the citys economy as there are plentiful temples in and around Jalgaon that attract a lot of Hindu devotees. Apart from the temples, the Gandhi Teerth Museum and the Mehrun Lake are popular places of tourist attraction.
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.