Nashik, in Maharashtra, is known for its grapes which have earned this city the title of the "wine capital of India." Around 200 kilometers north of Mumbai, Nashik is an ancient city which stands on the banks of the Godavari. It is the 4th largest city in Maharashtra. Its expansive surroundings, the popular tourism and a soothing climate altogether make it a unique place. With thousands of Indians visiting the Trimbakeshwar Temple at Nashik, this city has become a popular pilgrimage for devotees. Nashik is regarded as one of the holiest Hindu cities as it has more than a hundred ancient temples such as the Shiva Temple and the Kalaram Temple. Anjaneri, the birthplace of Lord Hanuman, is also situated near Nashik. The famous Kumbh Mela is held at Nashik. Mythologically, Nashik is believed to be the location where Laxman, upon Lord Ramas advice, cut the nose of Ravanas sister Shurpanakha. Thus the city was named "Nashik," derived from the Sanskrit word "Nashika" which means nose. The economy of Nashik is mainly driven by agriculture, grape production in particular. Several industries have also come up in the area. Hindustan Aeronautics Limiteds aircraft manufacturing plant has made the city a defense and aerospace manufacturing hub. The Currency Note Press, where the Indian currency notes are printed, and the India Security Press, where Indian government stamps are printed, are among the other important units at Nashik. Thus, Nashik is one of those cities that have witnessed drastic economic progress in the last decade.
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.