Kollam, formerly known as Desinganadu, is an old seaport and a thriving city in the Indian state of Kerala. It is a port city along the Laccadive Sea coast. Mar Sabor, an East Syriac bishop, had founded the Kollam Port. The city is situated on the banks of the Ashtamudi Lake. In ancient times, Kollam had a strong commercial relationship with the Chinese. Kollam city ranks 5th in the country and 3rd in Kerala in terms of per capita income and economic performance. The port city has an excellent export background. Fishing and dairy farming largely contribute to the citys economy. The government is about to establish a fishing harbor in the vicinity of the city in order to increase the fish production. Fisheries, hatcheries, turkey and poultry farms are also plentiful in the city. The city also has a rich mineral base. The sands on the beaches and the entire area has a good amount of heavy minerals such as Ilmenite, Monosite, Rutile and Zircon, which can be used for industrial purposes. There are limestone deposits and bauxite in and around the city. Kollam is often called the "Cashew Capital of the World", as the city is noted for its traditional cashew business. This city is a microcosm of Kerala and its residents are from various religious, ethnic and linguistic groups.
KBL Bank was established in 1924 at Mangaluru, a coastal town in Karnataka State. It is a leading A Class Scheduled Commercial Bank in India. The bank was formed in the aftermath of patriotic zeal that fueled the nation during the freedom movement of India in the pre-independence era. The Karnataka Limited Bank further expanded with the mergers. With around nine decades of experience of providing professional banking and quality customer services, the bank has a nationwide presence with a network of 811 branches spread across 22 states and two Union Territories. The Karnataka Bank has over 8,220 employees, 1,46,000 shareholders, and over 9.65 million customers with which the bank has emerged as a leading financial service company in India. The bank started its operations on 23rd May 1924 at Dongerkery, Mangalore. The Karnataka Bank was the first to realize the importance of having a Centralised Banking system among other banks and was the first to deploy the Core Banking System in the year 2000. This system enabled them to store and process the customers accounts from the Data Centre present in Bangalore. The bank has also deployed the State-Of-Art technology from the best players in the Industry like Infosys, Sun, and Wipro.