Kavali is situated in the Nellore district of Andhra Pradesh. It is a major municipal corporation in Andhra Pradesh and also the second largest city in the Nellore district. The city has around 1 lakh residents who mostly speak in Telugu. The name of this city was coined by Potuluri Veerabrahmendra Swami. It means patrol in the local language. This is because the Udayagiri king, Harihara Rayulu, had stationed his army at this town in 1515. Kavali is often referred to by the name "Kanakapatnam" which means "wealth will flow into this place." Kavali is a seaside town, located 8 kilometers away from the Bay of Bengal coastline. The National Highway 16 and the Kavali railway station on the Howrah-Chennai main line ensures a great connectivity to this city. Apart from the government-run and private educational institutions, the Visvodaya group has set up many schools and colleges at Kavali. This scenic city provides a pleasant environment to live in, away from the busy city life and traffic.
The Deutsche Bank was founded in 1870, and its first domestic branches were opened in Bremen and Hamburg in 1871 and 1872. The branch opening in London was a prime necessity for the establishment of credit for the German trade. Significant projects in the early years of the bank included the Northern Pacific Railroad in the US and the Baghdad Railway in 1888. In Germany, the bank was contributory in the financing of steel company Krupp (1879) bond offerings. In the 1890s, the new period of expansion at Deutsche Bank began. The bank associated with some giant regional banks, making its entry into leading industrial regions of Germany. Joint ventures were symptomatic of the concentration then underway in the German banking industry. Having domestic branches of its own was still something of a rarity for Deutsche Bank; in 1886 the Frankfurt branch established and the Munich branch in 1892, while further offices were opened in 1901 in Dresden and Leipzig. The formation of Deutsche Ueberseeische Bank in 1886 was gently pressurized by the foreign ministry, and three years later the stake was taken in the newly established Deutsch-Asiatische Bank. But the success of those companies showed that their existence was commercially justified.