The largest and the capital city of the Indian state of Mizoram is Aizawl. It is the states center of administration and houses all the important government offices such as the civil secretariat and the state assembly house. The population of Aizawl is around 3 lakhs and it strongly reflects the various communities of the ethnic Mizo people. 93% of the population is Christian. The city is located in between the Tlawng river valley and the Tuirial river valley. It has a mild sub-tropical climate but also experiences heavy rainfall. The economy of Aizawl is primarily sustained by government services. The major banks are located within Aizawl, employing many residents. The tourism industry is a flourishing trade in the scenic city of Aizwal, which has many hotels that further boost the citys economy. The city is moderately connected to the neighboring areas and the government is working on improving the connectivity. The various places of tourist interest in and around Aizwal are Solomons Temple, Baktawng Village, Durtlang Hills, Bara Bazar, Mizoram State Museum, etc.
On November 3, 1926, the Laxmi Vilas Bank was founded under the Indian Companies Act, 1913, and on November 10, 1926, it had achieved the certificate to commence business. 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 Laxmi Vilas Bank is a private sector bank. It is based in Chennai, Tamil Nadu, India and did considerable expansion of its branch network from 1961 to 1965, when the bank took over nine other banks. In 1976, the bank obtained the status of Authorized Dealer in foreign exchange for providing services to the customers involved in international trade as well as to travelers who travel overseas. In 1977, the mechanization was introduced in the administrative office. The bank implemented core Banking Solution (CBS) in October 2006, and all of the banks branches were migrated to CBS by March 2008. Lakshmi Vilas Bank has 523 offices,984 ATM centers, and seven extension counters, as of 2018. Mr. Partha Sarthi Mukherjee is the MD and CEO of Lakshmi Vilas Bank. 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.