Ramagundam is the most populous city in the Peddapalli district of the Indian state of Telangana. The city obtains its name from the combination of two words - Rama refers to the Hindu God, Lord Rama; Gundam means "water springs." Located on the banks of the Godavari, the city is often called the city of energy. The city hosts around 2.3 lakh residents who mostly speak in Telugu and are employed in the various industrial sectors present in the area. Roads, railway and a local airport ensure a great connectivity to this city. Ramagundam is situated in the Godavari valley coalfields. It has one of Indias largest thermal power stations owned by NTPC. Some of the industries that have flourished in the area are Fertilizer Corporation of India, Kesoram Cement, National Fertilizers Limited, TSGENCO thermal power station, Engineers India Limited, Kesoram (Birla) cement factories, etc. The NTPC plan at Ramagundam is undergoing dynamic upgrades which would help in earning carbon credits against the use of solar power as a renewable energy source. Additionally, an irrigation project called Sripada Yellampalli project, and the very first Solar Power Plant are being set up at Ramagundam
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.