Kozhikode is a thriving city in the Indian state of Kerala. Nestling peacefully along the Malabar Coast, this city is popularly known as Calicut. The Kozhikode metropolitan area happens to be the second largest urban agglomeration in the state with a population of over 2 million. This city was earlier a major trading point of eastern spices and was hence called the "City of Spices." Kozhikode received the tag of the "City of Sculptures" or "Shilpa Nagaram" on 7th June 2012 because of the magnificent architectural sculptures around the city. Kozhikode has a strong mercantile aspect and business drives the economy of the city. One can find shops selling everything from saris to cosmetics in the Mittai Theruvu area which is undoubtedly a shoppers paradise. There are innumerable restaurants and sweetmeat shops in Kozhikode. Shopping malls are plentiful in and around Calicut. The city is home to some prestigious educational institutions like the Indian Institute of Management (IIM) Kozhikode and the famous Calicut Medical College.
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.