Hospet, officially renamed as Hospete, is also known as Nagalapura. It is a heritage city in the Indian state of Karnataka. The city has flourished on the banks of the Thungabadra. Hospet was built by Krishnadevaraya of the Vijayanagar Dynasty in 1520 AD in the memory of his mother, Nagalambika. The people here are employed majorly in the cultivation of Ragi and other crops as agriculture is the main source of economy of this city. The administrative infrastructure of the city is done through its division into 23 wards that are serviced by elected representatives. Hospete has many educational institutions like Hampi University besides several other schools and colleges. Hospete is the gateway to Hampi, the famous UNESCO World Heritage site. Hospete is well-known as a tourist destination for its innumerable temples, forts and picturesque views which attract visitors from India and abroad. The Hampi Stone Chariot, Nandanavana Park, Virupaksha Temple, Shri Ramulu Park, Chakra Vana, Queens Bath, the Tungabhadra dam, etc. are places worth visiting in Hospet.
The Axis bank was founded in 1993 as UTI Bank. It is headquartered in Mumbai, Maharashtra and as of 2018, the bank has a network of 3,703 branches. It has the most extensive ATM network among the private banks. In 2007, the UTI Bank name was changed to Axis Bank. It commenced its operations in 1993 after the GOI allowed the establishment of new private banks. The first branch of the bank was inaugurated in 1994 in Ahmedabad by Mr.Manmohan Singh, who was the Finance Minister of India at that time. The UTI bank was promoted by the Unit Trust of India, LIC, General Insurance Corporation, Oriental Insurance Corporation and few other insurance companies. It became the first bank to launch the travel currency card in 2003 and got listed on London Stock Exchange in 2005. The first overseas branch of UTI Bank was opened in Singapore in 2006 and 2011 it opened an office in Colombo. Deepika Padukone, an actor from Bollywood industry, is the brand ambassador of the Axis Bank. As of March 2016, the bank had more than 50,000 employees. In mobile banking, the bank has introduced Axis pay to facilitate the payments through UPI Interface.