Miryalaguda is located in the Nalgonda district of Telangana. The city is being developed under the Indian Governments Atal Mission for Rejuvenation and Urban Transformation scheme. The city has around 1 lakh residents and Telugu is the commonly spoken language in the area, followed by Urdu. The population of Miryalaguda comprises Hindu as well as Muslims. Apart from the regular festivals like Dusshera, Diwali, Ganesh Chaturthi, several regional festivals such as Bonalu and Bathkamma are celebrated in the area. The Muslims celebrate Eid-ul-Fitr, Ramadan, Milad-un-Nabi and Muharram. Water from the Left canal of Nagarjuna Sagar provides irrigation to Miryalguda, making the city green and commercially rich. Miryalguda is famous for the cultivation of paddy. It is one of the top 5 paddy markets in the state. Rapid expansion invited a lot of new settlers to Miryalaguda, which made the city quite congested. The city has many rice mills which provide employment opportunities to its residents.
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.