Recently declared as a megacity, Bangalore or Bengaluru is the capital city of the Indian state of Karnataka. With a population crossing ten million, Bangalore is now considered to be the third populous among all the cities in India. It is located on the Deccan Plateau in the peninsular region of southern India. Although a highly cross-cultural crowd dwells in this city, the natives of Bangalore are called Kannadigas and they speak in Kannada. Bangalore is a major fast-growing metropolis in India. The city is also commonly referred to as the "Silicon Valley of India" or the "IT capital of India" as it has been the center of the IT boom in India. Many Indian technological organizations such as ISRO, HAL, Infosys, etc. are all headquartered in the city. This demographically diverse city has supported many flourishing start-up companies as well. The welcoming weather of Bangalore is indeed a relief to the hard-working people of the city; however, the traffic situation in the city is quite notorious. Bangalore has also become a seat of education, with pristine academic institutions such as The IISc or the Indian Institute of Science, the IIMB or the Indian Institute of Management (Bangalore), the National Law School of India and many more prestigious academies being based in the city.
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.