Eluru is a small city in the Indian state of Andhra Pradesh. It also functions as the district headquarters of the West Godavari district as well as the Mandal headquarters of the Eluru Mandal in the Eluru revenue division. The city lies beside the Tammileru river. The city is well known for its carpets, wool-pile and hand woven products. Eluru has a population of more than 2 lakh people and experiences a hot and humid climate. Eluru Municipal Corporation is the civic body governing Eluru, which includes the census towns of Sanivarapupeta, Tangellamudi, Satrampadu, Gavaravaram, parts of Komadavole and Eluru villages. Eluru has been known for rug weaving since the 17 century - an art derived from the weavers of Iranian descendants. The thriving wool-pile and carpet industry boosts the citys economy. The eco-friendly carpets are exported to various countries. Buddha Park at Eluru is a popular tourist destination. The Kolleru Bird Sanctuary is home to many native and migratory birds. Fr. Silvio Pasquali Memorial Convent at Duggirala contains a replica of the ?Holy Land? of Israel, which is definitely worth a visit.
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.