The city of Machilipatnam in the Krishna district of Andhra Pradesh functions as a municipal corporation, as well as the administrative, headquarter of its district. The city is also known as Masulipatnam and Bandar. It is an ancient port town which served as the settlement of the European traders in the 16th century. The British, Dutch and French used it as a major trading port in the 17th century. Machilipatnam experiences a tropical savanna climate with hot and humid summers and moderate winters. The city gets torrential rainfall during July, August and September. Owing to its vicinity to the Bay of Bengal, Machilipatnam is frequently hit by cyclones originating in the sea. The Machilipatnam Municipal Corporation is the civic body responsible for the governance of the city. This seaside city is known for its handloom industry, specializing in Kalamkari textiles that are exported to the United States and other Asian countries. Building boats and fishing are the other notable industries. Machilipatnam used to be a trading base for the Europeans and was known for the minting of copper coins, exporting diamonds and textiles. The AP state government is trying to revive the glory of the former port city. The Machilipatnam Area Development Authority is planning to set up a deep seaport and its associated industrial corridor at Machilipatnam which is expected to employ over 25,000 people.
Bank of Baroda (BoB) is a financial services company headquartered in Vadodara, Gujarat, India and have its corporate office in Mumbai. It is ranked 1145 on Forbes Global 2000 list, as per 2017 data. The total assets of BOB are more than ? 3.58 trillion (making it Indias 2nd biggest bank by assets).It has 5538 branches in India and overseas, and 10441 ATMs as of July 2017. On 20 July 1908, The Bank of Baroda was found by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III in Gujarat. It was nationalized on 19 July 1969, by the Government of India along with 13 other major commercial banks of India, and has been designated as a profit-making public sector undertaking. In 1910, BoB started its first branch in Ahmedabad. It went abroad for serving the Indian communities in Kenya and Uganda, then in 1953, by establishing a branch each in Mombasa and Kampala. The next year a second branch was opened in Nairobi, Kenya and in 1956 it opened an office in Tanzania at Dar-es-Salaam. Then in 1957, BoB took a giant step abroad by establishing a bank branch in London. In 1958, BoB acquired Hind Bank established in Calcutta in 1943, which became BoBs first domestic acquisition.