Jalandhar was known by the name Jullundur during the British era. This Indian city is situated in the north-western state of Punjab. It is considered to be one of the oldest cities in the country. It is the administrative headquarters of the Jalandhar district which is divided into 63 wards represented by the elected members called counselors. The city has a rich history in folklore. According to the Hindu epic Ramayana, Jalandhar was the capital of King Lav, the son of Lord Rama and was apparently named after a demon called "Jalandar". The main economic support of the city is derived from agriculture. The most grown crop is wheat followed by other crops such as rice, cotton, pearl millet, maize, sugarcane, barley and different fruits. Jalandhar is home to many government-run and private educational institutions. Prestigious institutions like the National Institute of Technology, Jalandhar, DAV University, Lovely Professional University, Sant Baba Bhag Singh University, Khalsa College etc. have been opened in Jalandhar. The city is also known for places of tourist attractions such as Devi Talab Mandir, Shiv Mandir, Shiv Bari Mandir, Imam Nasir Mausoleum and Jamma Masjid, Gurudwara Kakipind Rama Mandir, 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.