Guntakal is situated in the Anantapur district of Andhra Pradesh. The headquarter of the Anantapur revenue division and the Guntakal mandal is situated in this city. The city houses around 2 lakh residents who mainly speak in Telugu and Kannada. Situated in the south-western part of Andhra Pradesh, Guntakal is very close to the state border and is only 50 kilometers away from Bellary in Karnataka. Guntakal Railway Division of South Central Railway is one of the most profitable divisions in Indian Railways and it houses a railway diesel shed. Lord Anjaneya Swamy Temple, which is locally referred to as Nettikanti Anjaneya Swamy Temple, is situated near Guntakal and attracts devotees from across Andhra Pradesh, Karnataka and several other parts of South India every day. Guntakal also has a relic of the Jain religion. Jambudweepachakra in the vicinity of the town is known to have been sculpted by Jain priests. The is a tomb of a Sufi saint named Mastan Vali is situated near Guntakal which attracts devotees across all religions and castes. Our Lady of Health Church at Guntakal is an architectural wonder.
The Andhra Bank had been nationalized in April 1980. It narrowly escaped nationalization in 1969, when all the banks were having deposits of 50 crores and above were nationalized. It was the number one bank among private sector banks from 1969 to 1980. In 1980, more banks with deposits of 200 crores were nationalized. Andhra Bank has its head office in Hyderabad, Telangana, India. C V R Rajendran, chairman and managing director of Andhra Bank was appointed by the finance ministry, earlier worked as executive director at Bank of Maharashtra. The Andhra Bank was the prominent bank in introducing credit cards in India. Also, it is the first bank to issue travelers cheques in Foreign Currency and to launch insurance linked deposit schemes. Though it used to have most of its branches in Andhra earlier, now it has spread itself all across the country. Bhogaraju Pattabhi Sitaramayya founded Andhra Bank in 1923 in Machlipatnam, Andhra Pradesh. Two of Indias public sector banks ? Bank of Baroda (44%) and Andhra Bank (30%), and UKs financial and investment company (26%) established IndiaFirst Life Insurance Company as a joint venture in November 2009.