Gudivada is situated in the Krishna district of Andhra Pradesh. The city functions as the headquarter of the Gudivada revenue division and the Gudivada Mandal. Gudivada is a part of the Andhra Pradesh Capital Region, located in the Coastal Andhra region of the state. Gudivada has a population of more than 1 lakh residents who commonly use the Telugu language. Gudivada has derived its name from the words Gudi which means Temple and Vada which means settlement or town in Telugu. As per some inscriptions, the town has been inhabited since the 3rd Century or 2nd Century BCE, since the time of the Sathavahanas. Archaeological excavations conducted at Gudivada found an ancient Buddhist stupa mound and several Jain relics. Hence, Gudivada is a religiously diversified town with numerous Hindu Temples and important Jain Tirth as well. The city is divided into 36 election wards for effective governance. There are six temples at Gudivada under the management of the Endowments Department - Sri Gowri Sankara Swamy Temple, Sri Bhimeswara Swamy Temple, Sri Veeranjaneya Swamy Temple, Sri Venugopala Swamy Temple, Sri Venkateswara Swamy Temple and Sri Vigneswara Swamy Temple. There are many government-run as well as private educational institutions in Gudivada. This town has a good network of roads and railway which connect it to all nearby areas.
The Federal Bank Limited based in Kochi, Kerala is a major private sector commercial bank. The Federal Bank had 1252 branches and 1680 ATMs across the country, as on 31 March 2016. The Pattamukkil Varattisseril Brothers gathered together to discuss the necessary steps to be taken to form a bank, on 7th April 1931 at Pattamukkil Varattisseril Tharavad. Among the founders of the bank are Pattamukkil Varattisseril Oommen Geevarghese, and his brothers Oommen Kurian, Oommen George Oommen Chacko. The Oommen Chacko was the managing director, and the Oommen Geevarghese was the founder chairman. The limitation of interest by the Travancore Debt Relief Act, 1941 and The Travancore Agriculturists Relief Act, 1939, greatly influenced the smooth functioning of the bank. On 2 December 1949, the bank was named Federal Bank Limited, after the completion of formalities of Banking Regulation Act, 1949. The Federal Bank introduced FedBook, the first electronic passbook in August 2013. The FedBook is a mobile application using which customers can check their passbook details. Federal Bank and SBI Card launched Federal Bank-SBI two co-branded Visa credit cards, namely Platinum and Gold N More in May 2015. In July 2015, an automated chat facility was introduced by the Federal Bank. Federal Bank launched Indias first Mobile App for Bank Account Opening in August 2015, creating history. As an upgrade to FedBook, e-Passbook App was launched by the bank as a unique facility of mobile-based bank opening. Anyone having an Aadhaar Card and PAN Card, can open a Savings Bank Account and get their Account Number instantly using a mobile from anywhere through the new avatar of Fedbook. In August 2016, Lotza, the Unified Payment Interface app was launched by the Federal Bank.