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.
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.