Miryalaguda is located in the Nalgonda district of Telangana. The city is being developed under the Indian Governments Atal Mission for Rejuvenation and Urban Transformation scheme. The city has around 1 lakh residents and Telugu is the commonly spoken language in the area, followed by Urdu. The population of Miryalaguda comprises Hindu as well as Muslims. Apart from the regular festivals like Dusshera, Diwali, Ganesh Chaturthi, several regional festivals such as Bonalu and Bathkamma are celebrated in the area. The Muslims celebrate Eid-ul-Fitr, Ramadan, Milad-un-Nabi and Muharram. Water from the Left canal of Nagarjuna Sagar provides irrigation to Miryalguda, making the city green and commercially rich. Miryalguda is famous for the cultivation of paddy. It is one of the top 5 paddy markets in the state. Rapid expansion invited a lot of new settlers to Miryalaguda, which made the city quite congested. The city has many rice mills which provide employment opportunities to its residents.
Punjab National Bank is a financial services company and a state-owned headquartered in New Delhi, India. In 1894, the PNB was found. The bank had over 80 million customers, 6,937 branches, and 10681 ATMs across 764 cities as of 31 March 2017. Outside India, the bank has a subsidiary in the UK as well as in Hong Kong, Kowloon, Dubai, and Kabul. On 19 May 1894, the PNB was incorporated under the Indian Companies Act, with its office in Anarkali Bazaar, Lahore. The founding board from different parts of India established the bank with the common objective of creating a truly national bank which would further support the economic interest of the country. The founders of PNB included many leaders of the Swadeshi movement such as Kali Prasanna Roy, E. C. Jessawala, Prabhu Dayal, Dyal Singh Majithia and Lala Harkishen Lal, Lala Lalchand, Bakshi Jaishi Ram, and Lala Dholan Dass. The Lala Lajpat Rai was actively associated with the management of the Bank in the initial years. The board of PNB first met on 23 May 1894. On 12 April 1895, the bank began its business in Lahore. In 1900, the PNB opened its first branch outside Lahore.