Madanapalle is located in the Chittoor district of Andhra Pradesh. The town functions as the headquarter of the Madanapalle revenue division and mandal. The town was founded by Sri Ahobila Nayunivaru in 1618 AD. The economy of Madanapalle is based on agriculture. The main cultivated products are tomato, mango, groundnut, tamarind, etc. It is the largest tomato market in Asia. The tomatoes from this area are supplied to many Indian states. Madanapalle is known for its silk products like silk saris and dress materials. One can get good quality silk products at nominal costs. These silk garments are supplied to all major cities in South India such as Bangalore, Chennai and all silk product towns for sales. Madanapalle surroundings have enormous reserves of granite. Madanapalle is well connected to all nearby areas via road and rail. Three Bus terminals provide services in Madanapalle. Madanapalle Road Railway Station connects the town to the nearby cities of Guntakal and Secunderabad.
The KBL is a scheduled commercial banking company headquartered in Mangaluru, Karnataka, India. The tagline of the Karnataka bank is "Your Family Bank Across India".The Karnataka Bank Limited had received the Sun and NDTV Green IT Award in August 2008.The Sun Microsystems and NDTV awarded the Karnataka bank for admiration of its green policies and usage of earth-friendly technology like solar power. For the year 2010-11, the bank had achieved the Best Bank Award for "Managing IT Risk" under small bank category, instituted by IDRBT. Shri Anand Sinha, former deputy governor, RBI, and chairman of IDRBT gave the award to Shri P. Jayarama Bhat, Managing Director of the Karnataka Bank on 4 August 2011 in front of Shri B. Sambamurthy, Director of IDRBT. The Karnataka Bank Limited signed an MOU in the year 2000 with Infosys Technologies for developing a core banking solution called Finacle. The bank had a network of over 221 branches as of 31 March 2004. The main objective of the bank is "Anytime/Anywhere banking." The Karnataka bank signed a pact with Corporation Bank for sharing its ATMs. The bank introduced the Moneyplant card that enables its customers to withdraw money from their bank accounts anywhere.