Bhimavaram is situated in the West Godavari district of the Indian state of Andhra Pradesh. The administrative headquarter of the Bhimavaram Mandal in the Narasapuram revenue division is situated at Bhimavaram. The city has around 1.5 lakh residents who speak in Telugu. Bhimavaram was under the reign of the Chola dynasty, proven by many stone inscriptions found in the town from this era. The name Bhimavaram literally translates to "the gift of Bhima". Legend says that a king named Chalukya Bheema had built a Siva temple in the 1st century which led to the foundation of this town. It was earlier called "Bhimapuram", which gradually changed to "Bhimavaram." This town is in the epicenter of the fertile Godavari delta region, which makes it a principal trade center of paddy. Agriculture-based businesses thrive in the area. Food processing, aquaculture, rice mills, etc., are the main sources of economic growth of the town. Bhimavaram is the regional center for higher education as well as specialized health services. Bhimavaram is recognized for the Gunupudi Someswara temple. Built during the 3rd century AD, this temple is one of the five holy Pancharamas. The Shiva lingam idol in this temple is known for changing its color. As per the lunar calendar, it turns black during the new moon and white during the full moon. It is a place of major tourist attraction.
DCB Bank Ltd. is a private sector commercial bank having a network of 310 branches and 515 ATMs in India. The bank offers products to small and medium businesses, rural banking, individuals, and mid-corporates across the branch network. The DCB Bank is declared as the Best Small Bank in India by Businessworld Magna Awards 2017. The Bank is present in 19 States and 3 Union Territories. The DCB Bank is also considering expansion in tier 3 to tier 6 towns in Odisha, Karnataka, Chhattisgarh, and Telangana, Andhra Pradesh, Gujarat, Haryana, Madhya Pradesh, Maharashtra. The states where DCB Bank branches are located in India: Andhra Pradesh, Bihar, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Chhattisgarh, Delhi NCR, Gujarat, Goa, Haryana, Karnataka, Uttarakhand and West Bengal. Recently the branches of DCB Bank were inaugurated at Kusnoor (Gulbarga) in Karnataka, Ajmer in Rajasthan and Vishakhapatnam in Andhra Pradesh, New Delhi in the National Capital Region. In the 1930s, in Mumbai from a series of Co-operative bank mergers with the Ismailia Co-operative Bank Limited and the Masalawala Co-operative Bank respectively, DCB bank was found. The promoter of the Bank is the Aga Khan Fund for Economic Development (AKFED) with around 15.02% stake. On 31 May 1995, the Bank received the Scheduled Commercial Bank license from the Reserve Bank of India.