Ramagundam is the most populous city in the Peddapalli district of the Indian state of Telangana. The city obtains its name from the combination of two words - Rama refers to the Hindu God, Lord Rama; Gundam means "water springs." Located on the banks of the Godavari, the city is often called the city of energy. The city hosts around 2.3 lakh residents who mostly speak in Telugu and are employed in the various industrial sectors present in the area. Roads, railway and a local airport ensure a great connectivity to this city. Ramagundam is situated in the Godavari valley coalfields. It has one of Indias largest thermal power stations owned by NTPC. Some of the industries that have flourished in the area are Fertilizer Corporation of India, Kesoram Cement, National Fertilizers Limited, TSGENCO thermal power station, Engineers India Limited, Kesoram (Birla) cement factories, etc. The NTPC plan at Ramagundam is undergoing dynamic upgrades which would help in earning carbon credits against the use of solar power as a renewable energy source. Additionally, an irrigation project called Sripada Yellampalli project, and the very first Solar Power Plant are being set up at Ramagundam
The HDFC Bank Limited was started in Mumbai. As of 31st March 2018, the bank has more than 88,000 permanent employees in India, and abroad, it has offices in Bahrain, Hong Kong, and Dubai. By assets, the HDFC Bank is Indias largest private sector lender. It is the largest bank in India and ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands. In 1994, the HDFC Bank was established with its registered office in Mumbai, India. The then Union Finance Minister, Manmohan Singh inaugurated its first corporate office and a full-service branch at Sandoz House, Worli. The bank had 4,715 branches and 12,260 ATMs across India, as of June 30, 2017. In FY 2017, the bank also installed 4.30 lakhs POS terminals and issued 235.7 lakhs debit cards and 85.4 Lacs credit cards. The HDFC Bank offers many products and services including wholesale banking, treasury, auto loans, two wheeler loans, personal loans, retail banking, loans against property and credit cards. Along with this various digital products are also introduced by HDFC such as Payzapp and Chillr. The HDFC Bank merged with Times Bank in February 2000. In the new-generation private sector banks category, it was the first merger of two private banks. HDFC Bank acquired Centurion Bank in 2008 approved by the HDFC Bank Board for 95.1 billion INR as one of the most significant mergers in the financial sector in India.