Karnal is situated within the National Capital Region. It functions as the headquarters of the Karnal District of Haryana. It is believed that the city was founded by Karna, an important figure in the Hindu epic of Mahabharata, who had died at the hands of archrival and his half-brother, Arjuna. It is one of the 100 cities that are being developed into smart cities as per PM Narendra Modis Smart Cities Mission. It is one of the cleanest cities in the country that houses many reputed educational institutions like Kalpana Chawla Government Medical College, Maharana Pratap Horticultural University of Karnal, Dyal Singh College, and branches of famous schools like Delhi Public School and Kendriya Vidyalaya. The city served as a refuge for the British survivors during the 1857 Uprising in Delhi.
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.