Kurnool, also known as the "Gateway of Rayalaseema," lies on the bank of River Thungabhadra in the Indian state of Andhra Pradesh. The city had once been the capital of the state of Andhra Pradesh in the 1950s for three years. The Kurnool city serves as the headquarters of the Kurnool District. The rulers of various dynasties such as the Cholas, the Kakatiyas, the Nawabs and the Mughals have ruled over the city and given it a rich cultural heritage. The modern administration of the city is conducted by dividing it into 50 wards managed by elected representatives. The main economic activity in the city is fuelled by its industries such as mining and agriculture. The city is based has rich resources of various minerals like Iron, Ochre, Quartz, Dolomite, Limestone and Silica. Kurnool serves as an educational hub with institutions and universities like Rayalaseema University, Kurnool Medical College, G Pulla Reddy College of Engineering & Technology, Indian Institute of Information Technology (IIIT) Kurnool, Osmania College, etc. Kurnool draws a lot of tourists each year city and is well known for its excellent tourist destinations like the Belum Caves, Gandikota, Mantralayam, Yaganti Temple, Mahanandi Temple, Kurnool Fort, Kondareddy Burz, Rollapadu Wildlife Sanctuary, etc.
In February 2003, the RBI gave the license to Kotak Mahindra Finance Ltd to carry on banking business. The head office of the Kotak Mahindra, an Indian private sector bank, is in Mumbai, Maharashtra. It provides banking products and financial services for corporate and retail customers and specialized subsidiaries in the areas of life insurance, investment banking, general insurance, and wealth management.The Bank has 1,369 branches across 689 locations and 2,163 ATMs in the country, as of 31 March 2017. In 2018, it became the second largest private bank in India by market capitalization after the HDFC Bank. Uday Kotak established the Kotak Mahindra Bank which became a financial services conglomerate. The Reserve Bank of India (RBI) provided the banking licence to Kotak Mahindra Finance Ltd (KMFL), the Groups flagship company in February 2003. The KMFL became the first non-banking finance company in India to be converted into a bank ? Kotak Mahindra Bank Limited (Kmb)ltd.In a study published in February 2014 by Brand Finance Banking 500, KMBL was ranked 245th among the worlds top 500 banks with valuation of around half a billion dollars and brand rating of AA+. The Kotak Bank acquired ING Vysya Bank in a deal valued at ?15,000 crore in 2015. Total employment jumped to almost 40,000, and the count of branches reached 1261 with the merger. After the merger,the ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank.