Adoni is located in the Kurnool district of Andhra Pradesh. The municipality of Adoni also functions as the headquarter of the Adoni Mandal and the Adoni Revenue Division. Adoni has a population of more than 1.5 lakh residents, who speak in Telugu. Adoni was a fort town of the famous Vijayanagara Empire during the 15th to 16th centuries. After the decline of this glorious empire, Adoni went into the hands of Ali Adil Shah I of the Bijapur Sultanate. The Mohammedan rulers soon captured the area within a few years. The area was tossed to the hands of the Nizams and the Marathas and finally went to the British. In the late 19th century, Adoni faced a severe El Nino famine which claimed nearly one-third of its population. Adoni became a part of Andhra Pradesh in 1953. Adoni is a huge producer of cotton. The city has a thriving ginning and textile industry. Groundnut oil is another major production of Adoni. This city is also an important trading center in the state, with a large market situated in the center of the town. Adoni is often referred to as the second "Bombay" of India for its businesses and also for its cotton exports.
The Punjab and Sind Bank was established in the year 1908 with an idea to uplift the weaker section with the far-sighted vision of luminaries like Sir Sunder Singh Majitha, Bhai Vir Singh, and Sardar Tarlochan Singh. They enjoyed the highest respect from the people of Punjab. A Punjab & Sind Bank branch was established in London in the 1960s. In 1991, the Bank of Baroda acquired the Punjab & Sind Banks London branch on the request of the RBI based on the Punjab & Sinds involvement in the Sethia fraud. The Bank confirmed to have a network of 920 branches or extension counters and 63 ATMs spread across the country as of July 31, 2010. Notably, they have 49 specialized departments, out of the 920 offices. The Punjab & Sind Bank was established to support the weaker section of the society with the vision of social commitment in the course of economic endeavors for raising their standard of life. In particular, Punjab & Sind Bank reached among the six banks that where nationalized by the Government of India during the second wave of nationalizations on 15 April 1980. ICICI Bank has tied up with Punjab and Sind Bank for offering the state of art technology to the cardholders for competing with the other competitors in the banking industry.