Tirupati is a religious city in the Chittoor district of the Indian state of Andhra Pradesh. The Ministry of Tourism of India awarded the title of the "Best Heritage City" to Tirupati in 2012-13. The city is being developed into a smart city. The city has a population of around three lakhs but it attracts lakhs of devotees who come to visit the famous Tirumala Venkateswara Temple. It is the worlds richest temple of Lord Venkateswara. Tourism is the major industry and main source of economic growth in Tirupati. The entire economy of the city is either directly or indirectly dependent upon Tirumala Tirupati Devasthanams. Being a tourism hub, the hospitality industry has also become a major industry in Tirupati as the city is dotted with hotels, lodges and other forms of accommodation for the devotees and tourists. Apart from tourism, the city is also known for its textile, mobile, automobile, electrical and electronic industries. Besides the main Tirumala Venkateswara Temple, devotees flock to this city to visit all the other ancient temples such as the Padmavathi Temple at Tiruchanur, the Kapileswara Temple at Kapila Theertham, the Govindaraja Temple, the Thathayyagunta Gangamma Temple, Sri Kodandaramaswami Temple, etc.
The J&K Bank is a private sector banking and financial services company based in Srinagar, Jammu, and Kashmir. J&K Bank established on October 1, 1938, was the first bank in the country to emerge as a state-owned bank. On 1 October 1938, the Jammu and Kashmir Bank was founded by Maharaja Hari Singh (the Maharaja of Jammu and Kashmir). The eminent investors were invited by the Maharaja to become the founding directors and shareholders of the bank. The most notable investors were Abdul Aziz Mantoo, Pesten jee, Pandit Sriniwas Magotra, and the Bhagat Family, all of whom acquired a significant holding in bank shares. On 4 July 1939, the bank commenced the operations, and it was declared as the first semi-state-owned bank of with participation in capital by State and the public under the control of State Government. The bank had achieved the status of a scheduled bank In the year 1971 and was recognized as an "A" Class bank by the Reserve Bank of India in 1976. The bank had to face severe difficulties during independence time as out of its ten branches two branches of Muzaffarabad, Rawalakot, and Mirpur fell to the other side of the line of control (now Pakistan administered Kashmir) along with cash and other assets. As per the regulations of Indian Companies Act 1956, the bank was declared as a government company following the extension of Central laws to the state of Jammu & Kashmir.