Udupi city is the administrative headquarter of the Udupi District of Karnataka. Udupi is a prime tourist attraction in Karnataka. It is known for the famous Krishna Temple and the delectable Udupi cuisine which is famous all over South India. Udipi is often referred to as Lord Parashurama Kshetra and it is famous for Kanakana Kindi. It is an important center of pilgrimage and is known as Rajata Peetha and Shivalli. It is also known as the temple city. Udupi has more than 1.5 lakh residents who mostly speak in the Tulu language. The other languages spoken in the area are Konkani, Kannada, Hindi and English. Muslims living in Udupi speak in Urdu, Nawayathi and Beary. Udupi is slowly developing into a major town in Karnataka. Udupis economy is largely dependent on agriculture and fishing. The city has quite a few small-scale industries such as cashew industry and milk cooperatives. Udupi is of-late making its mark in the real estate industry as well. Udupi also has a local handloom sari industry, made of pure cotton. These lightweight sarees have art silk design and small motifs of art silk dotting. Manipal is a suburb of Udupi and hosts a number of famous educational institutions.
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.