The city of Shivpuri is also a municipality in the Shivpuri district located in the Indian state of Madhya Pradesh. It falls within the Gwalior Division of the state. Shivpuri functions as the administrative headquarter of the eponymous district. Shivpuri district shares a border with Rajasthan towards the west. It consists of nine tehsils. Shivpuri functioned as the summer capital of the Scindia rulers of Gwalior. Shivpuri is a popular tourist attraction, especially in the monsoon season when it has a number of lakes and minor waterfalls. The lush greenery and the thick dense forests in and around the city makes is a scenic place to explore. Places of tourist attraction near this city are Chhatari ornate marble memorials, Ban Ganga Dham, Chintaharan Mandir, Mohineshwar Dham, etc.
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.