Kamarhati is a city and a municipality in the Indian state of West Bengal. It is located in the Barrackpore subdivision of the North 24 Parganas district. The place was initially a refugee colony soon after the partition of Bengal as many squatters from East Pakistan flocked to this area and encroached upon the public as well as private land. Within a very short time, these refugees initiated all the amenities required for a comfortable lifestyle and developed a proper society. Kamarhati belongs to the Kolkata Urban Agglomerate and houses around 3.5 lakh residents. There are several industrial units in Kamarhati like Texmaco Rail and Engineering Ltd, Kamarhatty Company Ltd (jute mill), Agarpara Jute Mills, Prabartak Jute Mills Ltd, National Tobacco Company Industries Ltd, WIMCO (a Swedish match company), Allied Ceramics Private Limited, Emami Paper Mills Ltd, etc. The Dakshineshwar Temple is located in this area and it draws thousands of devotees every day.
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.