Raipur is the capital city as well as the largest urban agglomerate in the Indian state of Chhattisgarh. It was a part of Madhya Pradesh before the new state of Chhattisgarh was formed in November 2000. Naya Raipur or New Raipur is actually the new capital of the state which is 17 kilometers away from the older city of Raipur. Swami Vivekananda Airport separates these two cities. This city is the administrative headquarters of Raipur District. The current administration is based on its division into 72 wards which are managed by an elected representative. The source of Raipurs economy is mainly from agriculture. Crops like pulses, wheat, paddy, urad, peas, etc. are cultivated widely. Soybean, Alsi and groundnut are some of the oilseeds that are grown around the city. It is also a center for the state?s steel and other industries. Raipur has many educational institutions and universities like Indian Institute of Management, National Institute of Technology, All India Institute of Medical Sciences, Indira Gandhi Agricultural University, International Institute of Information Technology, etc. Although not a tourism-based city, Raipur has some places worth visiting such as the Shahid Veer Narayan Singh International Cricket Stadium, Shri Rajiv Lochan Mandir, Urja Park, Naya Raipur Central Park.
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.