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 June 16, 1812, the Citi Bank of New York was found. The Samuel Osgood who was the statesman and retired Colonel became the first president of the Citi Bank. William Few became President of the Bank in August 1813, stayed until 1817, followed by Peter Stagg (1817?1825), Thomas Smith (1825?1827), Isaac Wright (1827?1832). In 1837, the ownership and management of the bank was acquired by Moses Taylor, a student of John Jacob Astor and one of the biggest names of the business world in the 19th century. Citibank provides credit cards, commercial loans, mortgages, personal loans, and lines of credit.The Citi bank has 2,649 branches in 19 countries. The U.S. branches are present in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. The US accounted for 70% of revenue and Mexico accounted for 13% of revenue in 2016. Apart from the U.S. and Mexico, most of the branches are in Russia, Pakistan, India, Poland, and the UAE. Citigroup, the parent of Citibank, received financial assistance in the form of an investment from the U.S. Treasury, after the financial crisis of 2007?2008 and huge losses in the value of its subprime mortgage assets.