The large city of Shimoga in the Indian state of Karnataka functions as the district headquarters of Shimoga District. The city has been officially renamed shivamogga in 2014. It is located in the central part of Karnataka, on the banks of the Tunga River and serves as a gateway to the hilly regions of the Western Ghats. Shivamogga is popularly nicknamed as the "Gateway of Malnad." Shimoga experiences a tropical wet and dry climate and has a population of around 3.3 lakh. Shimoga is an important center for education with its wide variety of prestigious schools as well as colleges. Industries such as Malnad Alloys, Pearlite Industries, Vijay Technocrats, Perfect Alloys, Shanthala Sperocast, etc. are some foundries that manufacture castings which are supplied to other related industries in the country as well as exported. The city is surrounded by lush green paddy fields, chili plantations, areca nut and coconut groves which contributes to the economy of the city. An IT Park is being constructed at Shimoga, near the upcoming Shimoga airport.
south Indian Bank Limited is based at Thrissur in Kerala, India. It has 852 branches, four service branches,56 extension counters, and 20 Regional Offices spread across the states and union territories of India. It has a network of 42 Bulk Note Acceptor/Cash Deposit Machines and 133 ATMs all over India. Under the Companies Act of 1913, South Indian Bank was registered as a Private Limited Company and started operations on 29th January 1929 at Round South, Thrissur. The South Indian Bank Ltd. was founded by a group of 44 enterprising men of Thrissur who contributed Rs.500/ - individually to the initial paid-up capital. Their primary aim was to assist the merchant community of Thrissur by saving them from the grasp of the money lenders who charged exorbitant rates of interest. The bank received outstanding support from the public at large. The number of branches opening each year justifies popularity. On 7th August 1946, it was included in the second schedule of the Reserve Bank of India and became a scheduled Bank. On 17th June 1957, under section 22 of the Banking Regulation Act 1949 from RBI, SIB was the first scheduled Bank in Kerala to get the license.