Katihar is situated in the eastern regions of the Indian state of Bihar. It functions as the regional headquarter of the Katihar district. It is known all over the eastern part of India for being a highly strategic railway junction. This city belonged to the Purnia district earlier. It is a part of the Mithila region. Katihar has a widespread railway network which connects the city to every other part of the country. It is known for its connectivity to the nooks and corners of the North East via railway and hence it is sometimes called "The Gateway of North-East." The city is located in the interior of Bihar and does not have a good network of roads. Katihar has many renowned educational institutions. Schools like Kendriya Vidyalaya, Ramakrishna Mission and Jawahar Navodaya Vidyalaya have their branches in the city. Quite a few well-known colleges in Katihar offer courses in medical sciences, technology. law and other disciplines. The city has a special inclination towards Movies and Sports. There are many movie theatres and open grounds to support these passions of the residents. The railway junction, which is connected to six different lines, is the main revenue generator for this city. Katihar is also a commercial city with plenty of shops, showrooms and restaurants.
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.