Ongole is located in the Prakasam district of the South-Indian state of Andhra Pradesh. The city operates as a municipal corporation as well as the headquarters of the Prakasam district. Ongole also serves as the headquarters of the Ongole mandal in the Ongole revenue division. The city is known for its Ongole cattle, which is a breed of oxen and is a part of the worlds major zebu cattle breeds. The narrow streams of the Gundlakamma river pass through the city. Ongole has around 2 lakh residents who speak in Telugu. Agriculture fuels the economy of Ongole. The city is a center for trading tobacco in Andhra Pradesh. Many units of Galaxy Granite polishing provide a huge employment source to the residents of Ongole. The famous Ongole bulls are actually a breed of Oxen. These animals are exported to various countries. The Brahman bull found in America is considered to be an off-breed of the Ongole. Such off-breeds are found in Malaysia and Brazil too. The original breed of this animal is found in a tiny region around the town, in between the Gundlakamma and Musi Rivers. Ongole is also known for its beautiful parks and educational institutes.
The Indian Bank was founded on 15th August,1907. Fourteen top banks were nationalized by the Indian Government on 19th July,1969, including Indian Bank. As a result of the nationalization, the branches of nationalized Indian banks in Malaysia were forbidden to continue operations as parent branches. At that time, Indian Bank had three offices. In 1973, the three branches merged to establish United Asian Bank Berhad and take over their Malaysian operations. After the nationalization, Indian Bank was left with only two foreign offices, one in Colombo and the other in Singapore. The International expansion resumed in 1978 with Indian Bank becoming a technical adviser to PT Bank Rama in Indonesia. Two years later, Indian Bank, BOB, and UBI established Indian Union Bank International Finance, in Hong Kong. The three banks had an equal share in the joint venture; the Indian Banks Chairman became the first Chairman of IUB International Finance. In May 1980, the Indian Bank also opened a foreign currency unit at its branch in Colombo. In 1981, the Indian Bank set up its first Regional Rural Bank, in Chittoor.