Vijayawada, known as Bezawada in the local language, is located on the banks of Krishna river in the Indian state of Andhra Pradesh. Vijayawada is the 2nd most populous city in the state and it will soon become one of the satellite cities to the new state capital. The city works as a gateway to the rest of the country for the coastal agrarian regions of Andhra Pradesh. It also boasts of a high GDP. Vijayawada is surrounded by River Krishna which contributes to the fertile agricultural soil. Prakasham Barrage is one of the most recognizable and well-known landmarks of the city. The latest administration of the city is carried out by dividing the city into 59 wards. The economy in the city depends on agriculture along with other modern industries such as textile, automobile, hardware, consumer goods and other SMEs. There are a few large industrial estates located in and around the city which are known for heavy industries and the small-scale manufacture of auto components. Vijayawada is a major hub for education. There are many government-run and private academic institutions in the city like the SRR & CVR Government College, Andhra Loyola College, V R Siddhartha Engineering College, School of Planning and Architecture.
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.