The city of Karimnagar, situated in the Indian state of Telangana, functions as a municipal corporation as well as the district headquarters of the Karimnagar district. The Manair River flows through this city, which is a tributary of the Godavari. Karimnagar has been selected by the Indian Government, to be developed into a smart city under the Smart Cities Mission. The region experiences a dry inland climate with hot summers and mild winters, quite similar to the weather of Hyderabad. Telugu and Urdu are the most common languages spoken by the residents of Karimnagar. The Satavahana University is located in Karimnagar and the city is known to be major education center in North-western parts of Telangana as it has produced several renowned intellectuals, poets, politicians and technologists. Apart from being an educational hub, Karimnagar also serves as a health hub for the northern regions of Telangana. The city is also a major business center. Karimnagar is popularly known for its granite and its agro-based industries. Karimnagars Silver Filigree is a local silverware handicraft that is used for trade.
On 19 July 1969, The GoI nationalized the UCO Bank. The overseas operations of the nationalized UCO bank continued in London, Singapore, and Hong Kong. The Malaysian law forbids the foreign government ownership in banks of Malaysia. Therefore, UCO Bank, Indian Overseas Bank, and Indian Bank contributed in operating a new joint-venture bank, known as United Asian Bank incorporated in Malaysia, with each of the three parent banks owning one-third of the shares. The bank has a regional presence of 3,078 branches and 2564 ATMs with a prospective growth in the number of branches as well as ATMs. The logo of UCO bank includes a pair of clasped hands covered by an octagonal structure. It has been colored blue since the organizations inception is to represent the national responsibility of the bank. The background of the logo is yellow from the beginning. The motto of the UCO Bank is "Honours your Trust". The significant competitors of the bank have always been the State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and the Bank of India. The economic liberalization may bring foreign banks, which could make the inter-bank competition intense for commercial and well-to-do retail customers.