The city of Nandyal is situated in the Kurnool district of Andhra Pradesh. It functions as a municipality as well as the headquarter of the Nandyal Mandal in the Nandyal revenue division. There are over 2 lakh residents in this city and they speak in Telugu. The City was earlier known as Nandalluru. It receives its name from Nandi, the vehicle or "vahana" of Lord Shiva. The word Aalaya means house or abode in Sanskrit. The city of Nandyal is surrounded by nine Nandis. Hence, it was named as Nandi Aalaya. Over the time, the name got modified to Nandyala or Nandyal, which is the present name of the city. Nandyal is surrounded by nine temples of Nandi, the bull. These bull temples are collectively known as the Nava Nandi. The largest Nandi idol in the city is in Sri Yaganti Uma Maheswara Temple. The Archaeological Survey of India claims that the rock grows at a rate of 1 inch in 20 years. Nandyal is a major hub of industries as well as agriculture. The city is rich in natural resources like marble. Additionally, there are numerous rice mills and oil mills in the area apart from a few industries that produce milk, soft drinks, sugar, PVC pipes, etc. A few famous companies like Milk Dairy, Nandi Polymers, S. P. Y. Agro and Nandi Steels have set up their units in the city.
The government owns 63.44% of the share capital of Union Bank of India making it one of the largest government-owned bank. As on 30 September 2015, the Union Bank had a network of 6909 ATMs. The online telebanking facility of UBI is available to all the Core Banking Customers, either individual or corporate. UBI had 4214 branches, as of September 2016. Out of them, four bank branches are outside India in Hong Kong, Antwerp, and Sydney (Australia) Dubai International Financial Centre. The representative offices of UBI are at Abu Dhabi, Shanghai, Beijing. The Union Bank of India (Union Bank) was registered as a limited company in Mumbai on 11 November 1919, and Mahatma Gandhi inaugrated it. The Union Bank of India had only four branches - three in Mumbai and one in Saurashtra at the time of Independence in 1947. After Independence, the growth of UBI was accelerated, and the Indian Government nationalized it in 1969. It had 240 branches by that time. The Union Bank of India acquired Belgaum Bank shortly after nationalization. The UBI bought the Miraj State Bank in 1985. In 1999 the Union Bank was requested by the RBI to acquire Sikkim Bank in a rescue after extensive irregularities had been discovered at the non-scheduled bank.