Pali is an industrial city in the Indian state of Rajasthan. It is situated in the Marwar region of the state and functions as the administrative headquarters of the Pali District. The city of Pali was formerly known as Pallika and Palli. Located on the bans of the Bandi river, Pali was a trade center since ancient times. Pali is famous for its textile industries. Synthetic and cotton clothes, as well as yarn, is exported to other Indian states at a very cheap rate. Some new industries like Bangles, Marble cutting, marble finishing have recently emerged in the area. The city hosts the Maharaja Shree Umaid Mills which is the biggest cotton mill of Rajasthan and employs 3000 workers. There are three industrial areas in Pali known as the Mandia road industrial area, the Punayata industrial area and the industrial area phase 1& 2. The Mandia road area is the biggest and the oldest industrial area that houses innumerable manufacturing units of several renowned companies, mostly specializing in the textile industry. The Punayata industrial area has recently become a major landmark for Industrialists to set up new businesses. Additionally, several other industries such as leather products, agriculture instruments, chemicals, cement, granite, etc. have been set up in and around the city. Although these industries fuel the economy of Pali, they have also been criticized for causing severe pollution in the area.
The Andhra bank was registered on 20 November 1923 and began business on 28 November 1923. In 1956, the idea of linguistic division of States was promoted, and consequently, Hyderabad became the capital of Andhra Pradesh. Subsequently, the registered office of the bank was moved to Andhra Bank Buildings, Sultan Bazar, Hyderabad. In April 1980, the Andhra Bank became a wholly owned Government bank after getting nationalized in the second wave of nationalization of commercial banks. The bank joined with Bharat Lakshmi Bank and further strengthened its position in Andhra Pradesh in 1964. IndiaFirst Company is a merger between two of the public sector banks of India ? Bank of Baroda (44%) and Andhra Bank (30%), along with 26 % share of UKs financial and investment company Legal & General. It was established in November 2009 and has its base in Mumba. It is the first life insurance company to be sent for ISO certification within seven months of its incorporation. The internet banking was introduced by the Andhra Bank to enable its customers to avail railway ticket booking facility online through the separate gateway. The bank had received the best banking technology award by IDRBT, Hyderabad for maximum use of IT in the semi-urban and rural areas.