Mumbai, fondly referred to as ?Bombay? by many, is not only the capital city of the Indian state of Maharashtra but is also the financial and commercial capital of the country. It lies on the Konkan coast, along the western border of India. It is probably the most populous city in India and serves as a home to the wealthiest Indians. Mumbai hosts the highest number of billionaires and millionaires amongst all the prime Indian cities. Being an economic hub, the city promises a plethora of opportunities in terms of employment, and thus it is a much-coveted destination for job-seekers from all over the nation. The Indian film industry, popularly known as ?Bollywood?, operates out of Mumbai. Mumbai also serves as a popular tourist destination as its outskirts provide all travelers with a magnificent combination of serene beaches, exotic hill stations on the Western Ghats. The tropical climate of Mumbai has a harmonious blend of warm, chilly and rainy days. The infamous Mumbai rain floods the city every year but doesn?t dampen the quintessential energetic spirit of the city. This Indian city nurtures the passion of dedicated learners and workers; it is often considered as the city that never sleeps.
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.