Madanapalle is located in the Chittoor district of Andhra Pradesh. The town functions as the headquarter of the Madanapalle revenue division and mandal. The town was founded by Sri Ahobila Nayunivaru in 1618 AD. The economy of Madanapalle is based on agriculture. The main cultivated products are tomato, mango, groundnut, tamarind, etc. It is the largest tomato market in Asia. The tomatoes from this area are supplied to many Indian states. Madanapalle is known for its silk products like silk saris and dress materials. One can get good quality silk products at nominal costs. These silk garments are supplied to all major cities in South India such as Bangalore, Chennai and all silk product towns for sales. Madanapalle surroundings have enormous reserves of granite. Madanapalle is well connected to all nearby areas via road and rail. Three Bus terminals provide services in Madanapalle. Madanapalle Road Railway Station connects the town to the nearby cities of Guntakal and Secunderabad.
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.