Kottayam is a prosperous city in the Indian state of Kerala. The city functions as the administrative capital and headquarter of the Kottayam district. Kottayam was previously known as ?Cottayam? and ?Cotym? during the British rule. Kottayam is situated on the banks of the Meenachil River. Kottayam is known to be is one of the main centers of literature; it is hence known as the Akshara Nagari or the Land of Letters. Many Malayalam daily newspapers such as Deepika, Malayala Manorama and Mangalam had started in Kottayam and are headquartered in the city. Kottayam houses the headquarters of The Malankara Orthodox Syrian Church. Various missionaries and the Christian churches established many educational institutions in and around the city during the British period. This city is often referred to as Chuvarchithra Nagari or the City of Murals. Domestic tourism has incredibly increased in Kottayam for its beautiful lakes and scenic hilly locations. Kottayam is a major producer or later and a trading center of natural rubber in India. It is the greatest contributor to the citys economy. The cultivation and trade of spices also boost the economy of Kottayam considerably. Kottayam experiences a moderate and pleasant climate with seasonal high levels of humidity.
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.