The city of Karimnagar, situated in the Indian state of Telangana, functions as a municipal corporation as well as the district headquarters of the Karimnagar district. The Manair River flows through this city, which is a tributary of the Godavari. Karimnagar has been selected by the Indian Government, to be developed into a smart city under the Smart Cities Mission. The region experiences a dry inland climate with hot summers and mild winters, quite similar to the weather of Hyderabad. Telugu and Urdu are the most common languages spoken by the residents of Karimnagar. The Satavahana University is located in Karimnagar and the city is known to be major education center in North-western parts of Telangana as it has produced several renowned intellectuals, poets, politicians and technologists. Apart from being an educational hub, Karimnagar also serves as a health hub for the northern regions of Telangana. The city is also a major business center. Karimnagar is popularly known for its granite and its agro-based industries. Karimnagars Silver Filigree is a local silverware handicraft that is used for trade.
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.