Kakinada, a city in the Indian state of Andhra Pradesh, was formerly known as Cocanada. It is one of the largest cities in AP and serves as the district headquarters of the East Godavari district. It was initially known as Kakinandivada village, which was eventually a Dutch settlement. They used export sarees that were called coca or koka in Telugu. Hence, the place was named Cocanada. The name was finally changed to Kakinada after Independence. This city is one of the fastest growing cities in Andhra Pradesh and is currently being developed into a smart city as per PM Narendra Modis smart Cities Mission. Kakinada Port has a natural harbor at Hope Island, which contains two ports - an anchorage port and a deep-water port. The economy of Kakinada primarily depends upon agriculture, fishing and industrial sectors. Paddy and coconut are heavily cultivated in the city. The industrial sector covers the manufacture of refined edible oil, fertilizers and natural gas. The local economy is additionally supported by its textile industry and manufacture of auto parts, steel-related ancillary units and fishing. Kakinada is globally famous for its sweet called kaaja. This Tier-II city got its first IT Park in 2007 and many software companies have opened offices in the city, providing job opportunities to the local youths.
the State Bank of Travancore was a subsidiary of State Bank of India and founded on 12 September 1945 as the Travancore Bank Ltd, an initiative by Travancore Diwan C. P. Ramaswami Iyer. The Union Cabinet approved the proposal of combining SBT and four other associate banks with SBI, on 15 February 2017. On 31 March 2017, It finally joined with its parent SBI bank.A part from its merger with parent SBI group, the SBT was approved of raising the capital of Rs. 600 crore. It was a premier Indian bank based in Thiruvananthapuram, Kerala and became a subordinate of State Bank of India under the SBI Subsidiary Banks Act, 1959, in 1960, enacted by the Parliament of India. The SBT offered services sucha s consumer banking, investment banking, retail banking, asset management and pensions. Sri Chithira Thirunal Balarama Varma, the Maharaja of Travancore was considered as the founder of the bank, though the king had little to do with the founding of the bank. Ms.Arundhatti Bhattacharya is the ex-officio chairman, and Mr. CR Sasikumar is the managing director of the SBT.It had a network of 1,157 branches and 1,602 ATMs across India, as of 31 March 2015. The Union Cabinet approved the proposal of combining SBT and four other associate banks with SBI, on 15 February 2017