Bokaro, or Bokaro Steel City, is a highly planned city located in the Indian state of Jharkhand. It functions as the administrative headquarters of the Bokaro district. It is one of the largest and most populous cities in Jharkhand. Bokaro was one of the earliest planned cities in the eastern part of India. The whole city is meticulously planned and organized into sectors with avenues, residential and commercial areas. Each sector is equipped with shopping complexes, schools, playgrounds, health centers and recreational facilities. The city has developed around the eponymous Bokaro Steel Plant which is an integrated public sector steel plant that was built with the help from the Soviet Government. It has now been merged with Indian Governments Steel Authority of India Limited or SAIL. The residents of this city are mostly employed in the Bokaro Steel Plant.
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.