Hospet, officially renamed as Hospete, is also known as Nagalapura. It is a heritage city in the Indian state of Karnataka. The city has flourished on the banks of the Thungabadra. Hospet was built by Krishnadevaraya of the Vijayanagar Dynasty in 1520 AD in the memory of his mother, Nagalambika. The people here are employed majorly in the cultivation of Ragi and other crops as agriculture is the main source of economy of this city. The administrative infrastructure of the city is done through its division into 23 wards that are serviced by elected representatives. Hospete has many educational institutions like Hampi University besides several other schools and colleges. Hospete is the gateway to Hampi, the famous UNESCO World Heritage site. Hospete is well-known as a tourist destination for its innumerable temples, forts and picturesque views which attract visitors from India and abroad. The Hampi Stone Chariot, Nandanavana Park, Virupaksha Temple, Shri Ramulu Park, Chakra Vana, Queens Bath, the Tungabhadra dam, etc. are places worth visiting in Hospet.
PNB was found in 1894 and registered under the Company Act on 19th May with its office in Lahore before partition. Presently the head office is in New Delhi, India. The bank had over 80 million customers, 6,900 branches across India. Overseas, PNB has a banking subsidiary in the UK, Kowloon, Hong Kong, Dubai, and Kabul. It was established with the primary objective of strengthening the economic development in the country. The representative offices of PNB are in Dubai, Sydney, Almaty, Oslo, and Shanghai. The bank started its operations on 12th April 1895. The founding members of PNB consist of many leaders from the Swadeshi movement. Mr.Lala Lajpat Rai was actively involved with the management of bank in its initial years of formation. The PNB was the first national bank to began and survive with the national capital. It had the privilege of maintaining accounts of prominent leaders such as Lal Bahadur Shastri, Mahatma Gandhi, Indira Gandhi and JL Nehru. The first branch of PNB outside Lahore was started in 1900. In 1969, the government nationalized it.