Vizianagaram is a seaside city in the Indian state of Andhra Pradesh. It functions as the headquarters of the Vizianagaram district and mandal. The city is close to the Bay of Bengal and around 40 kilometers away from Visakhapatnam. Various rivers flow through the city such as Nagavali, Vegavathi, Champavathi, Gomukhi, Suvarnamukhi, and Gostani, rendering the area very fertile and conducive to agriculture. There are several irrigation projects on these rivers which indirectly contribute to the economy of the city. The city experiences a predominantly hot and humid climate throughout the year. Around 2.3 lakh residents live in Vizianagaram who mainly speak in Telugu. The city is known for its production of Jute. The coastal belt of Vizianagaram is known for salt cultivation. The largest industry in this area is the manufacture units of ferromanganese. The city has 22 large-scale industries that manufacture jute twine, ferroalloys, sponge, sugar, cement, pharmaceuticals and iron. Vizianagaram has quite a few small-scale industries that focus on general engineering, motor workshops, RCC spun pipes, sawmills, aluminum utensils, groundnut oil mills, rolling mills and vehicle parts.
Vaman Kudva, T M A Pai, Upendra Pai worked together to set up the Syndicate bank in 1925. As time passed, 20 banks joined with the Syndicate Bank Limited along with Southern India Apex Bank Limited and Maharashtra Apex Bank Limited. In 1964, the name of the bank was changed to Syndicate Bank Limited, and the corporate office was moved to Manipal. The bank extended its business not only on the national land but overseas too. It opened a branch in London and managed to incorporate Musandam Exchange Co. in Muscat and National Exchange Co. in Doha. At Hauz Khas, Delhi, it had opened its 1000th office in 1978. The bank has more than 3500 branches currently, and all offices are providing core banking-e-banking services under anywhere-anytime-anyhow banking mission. It has been conferred "Best Bank Award" by Sri Jairam Ramesh, Honble Minister for Rural Development, Government of India In the RSETI movement. The Bank had also been awarded by State forum of Bankers Club, Kerala, "Banking Excellence Award 2013" for being the second best public Bank in overall performance. During Synd LIC Saptah (2 to 7 December 2013), the Bank has been awarded for Record-Breaking Performance by marketing 15119 policies, during a week by Life Insurance Corporation of India.