Hindupur is located in the Anantapur district of Andhra Pradesh. It functions as the headquarters of the Hindupur revenue division and mandal. This town houses more than 1.5 lakh residents who primarily speak in Telugu. Hindupur is a commercially and industrially populous town. Hindupur is an important pilgrim; Sri Ranganath Swamy Temple and near Lepakshi temple attracts thousands of pilgrims every year. The municipal town of Hindupur is divided into 38 election wards and 30 revenue wards to ensure effective governance. Hindupur lies on the banks of River Penna. However, the agricultural scenario in the area is largely dependant upon rains and often suffers from the shortage of drinking water and crop failures due to the lack of adequate rain. agricultural requirements. Hindupur is a leading commercial center in the Rayalaseema Region. Cloth business is the most important business in Hindupur along with various products such as jaggery, tamarind, groundnuts, chilies and pulses. Mulberry cocoons are also procured in this town which results in the production of silk threads and silk sarees. Silk trade is gaining momentum at Hindupur as one of the important commercial activities and it might soon develop for the foreign export of silk fabrics. The area also has a few cottage industries like starch factories, beedi making, oil mills, match factories and agarbathi units.
The Axis Bank has 14,000 ATMs, nine international offices, and 3,304 branches. The head office of Axis Bank is in Mumbai and registered office in Ahmedabad. The Axis Bank is the third largest private-sector bank in India offering a comprehensive range of financial products. The bank employed over 55,000 people and had a market capitalization of ?1.28 trillion, as of March 31, 2017. As of 30 Jun. 2016, the promoters & promoter group (United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, GIC, LIC & UTI) owns the 30.81% shares of the Axis Bank. The rest of the 69.19% shares are held by Mutual Funds Institutions, FIIs, Financial Institutions (banks), Insurance companies, corporate bodies & individual investors among others. The registered office of the UTI bank was opened in Ahmedabad, and corporate office was opened in Mumbai in December 1993. Dr. Manmohan Singh, the Finance Minister of India, inaugurated the first branch on 2 April 1994 in Ahmedabad. After the Government of India allowed new private banks to be incorporated, the UTI Bank began its operations in 1993. In 2001 UTI Bank agreed to merge with and amalgamate Global Trust Bank, but the Reserve Bank of India (RBI) withheld approval, and nothing came of this. In 2004 the RBI put Global Trust into moratorium and supervised its merger into Oriental Bank of Commerce. The UTI Bank became the first Indian bank to launch the travel currency card in 2003. On July 30, 2007, UTI Bank changed its name to Axis Bank.