Madanapalle is located in the Chittoor district of Andhra Pradesh. The town functions as the headquarter of the Madanapalle revenue division and mandal. The town was founded by Sri Ahobila Nayunivaru in 1618 AD. The economy of Madanapalle is based on agriculture. The main cultivated products are tomato, mango, groundnut, tamarind, etc. It is the largest tomato market in Asia. The tomatoes from this area are supplied to many Indian states. Madanapalle is known for its silk products like silk saris and dress materials. One can get good quality silk products at nominal costs. These silk garments are supplied to all major cities in South India such as Bangalore, Chennai and all silk product towns for sales. Madanapalle surroundings have enormous reserves of granite. Madanapalle is well connected to all nearby areas via road and rail. Three Bus terminals provide services in Madanapalle. Madanapalle Road Railway Station connects the town to the nearby cities of Guntakal and Secunderabad.
The Indian Bank is one of the top performing public sector banks incorporated in 1907 and based in Chennai, India. It has 20,924 employees and 2836 branches. As on 2018, the total business of the Indian bank is around Rs.3.64 lakh Crores . The Information Systems & Security processes of the bank are certified with ISO27001:2013 standard. Outside India, it has branches in Colombo and Singapore along with a Foreign Currency Banking Unit at Colombo and Jaffna. "Indbank Merchant Banking Services Ltd" and "IndBank Housing Ltd" are the two sister concerns of the Indian Bank. The Government of India has owned the bank since 1969. The Madras lawyer, V. Krishnaswamy Iyer founded the Indian bank in 1906. In 1932, a branch in Colombo was opened by the Indian bank. In 1935, A second branch was opened at Jaffna in Ceylon, but it was shut in 1939. In late 1940, the next office was opened in Rangoon, Burma. In late 1941, more branches were opened in Ipoh, Penang, Singapore and Kuala Lumpur. The difficulties of war forced IB to shut its offices in Singapore and Malayan. In 1947 after the war, the Indian bank reopened its branch in Colombo. In 1962, some branches of Indian Bank were also opened in Burma, Malayan, and Singapore. In 1963, the Burmese government nationalized all foreign banks, including Indian Banks branch.