Proddutur is located in the Kadapa district of Andhra Pradesh, on the banks of the Penna River. Proddutur is the states smallest municipal body by area but houses more than 2 lakh residents. The economy of Proddutur is mainly dependent upon the gold and cotton businesses. Book manufacturing and financing also contribute to the citys economy. Proddutur is well connected to all the nearby areas through road and railway. Notable places in and around Proddutur are Sri Vasavi Kanyaka Parameshwari Aalayam, known for its grand celebrations of Dussehra festival; Mukthi Rameshwaram is a Hindu temple devoted to Lord Shiva; the Biggest Ayyappa temple in Kadapa district known as Ayyappa Swamy temple; and Rajeev Gandhi National Park which is an ecological park developed by the State Government.
On 25 July 1916, The Karur Vysya Bank Limited, popularly known as KVB was founded to capitalize the unexplored market of traders and agriculturists in and around Karur, a town in Tamil Nadu. Though the bank initiated with a seed capital of ?1 lakh, unlike many other banks, the seed capital has grown, as the services were sold. The bank is controlled and supervised by the Board of Directors gathered from different streams. The bank spread its approach out of Karur town of Tamil Nadu and established approximately six hundred and sixty eight branches in other States and Union Territories to gain a pan-India presence realizing that there is more money elsewhere. On 27 January 2012, Shri K.K. Balu was appointed as an Additional Director of the Bank. The total business volume was 1,00,000+ crore, as of Dec 2017. As on 1 July 2018, the bank had increased branches and ATMs during the year thus accounting the total number to 798 branches and 1,780 plus ATMs. It provides services such as personal, agricultural banking, corporate, and services to NRIs and MSME. The bank offers housing loan, personal loan, insurance, and fixed deposits among others under private banking.