Adoni is located in the Kurnool district of Andhra Pradesh. The municipality of Adoni also functions as the headquarter of the Adoni Mandal and the Adoni Revenue Division. Adoni has a population of more than 1.5 lakh residents, who speak in Telugu. Adoni was a fort town of the famous Vijayanagara Empire during the 15th to 16th centuries. After the decline of this glorious empire, Adoni went into the hands of Ali Adil Shah I of the Bijapur Sultanate. The Mohammedan rulers soon captured the area within a few years. The area was tossed to the hands of the Nizams and the Marathas and finally went to the British. In the late 19th century, Adoni faced a severe El Nino famine which claimed nearly one-third of its population. Adoni became a part of Andhra Pradesh in 1953. Adoni is a huge producer of cotton. The city has a thriving ginning and textile industry. Groundnut oil is another major production of Adoni. This city is also an important trading center in the state, with a large market situated in the center of the town. Adoni is often referred to as the second "Bombay" of India for its businesses and also for its cotton exports.
Federal Bank Limited was established on 28th April 1931. In September 2006, the Ganesh Bank of Kurundwad was merged with Federal Bank, and the total number of the bank branches crossed 500. In July 2011, the Federal office launched the general insurance cover for stabilizing the relationship with the clients. FedDelight, banks unique gift card was launched in September 2011. In November 2011, the bank started its 24/7 customer care which was controlled by differently abled people. The Federal Bank has also signed an agreement with Samba Bank for inward remittance. The stocks of the bank get listed on the BSE Index in 2012. In August 2013, the bank launched its first electronic passbook named Fedbook in India, and it was awarded as the most active organization. The bank has adopted an exclusive video conferencing facility named Vconnect to enable customers to interact with relationship managers of the bank. In June 2015, the bank launched an innovative payment app for its customers named, Scan n Pay. Another initiative in digital banking was Fed-E-Credit, the first digital loan in August 2015. In January 2016, the bank introduced miss call based banking services for fund transfer.