srikakulam is the district headquarter of the eponymous district in Andhra Pradesh. This municipal corporation functions as the headquarter of the Srikakulam revenue division as well as the Srikakulam Mandal. Srikakulam is believed to have been founded by Balarama. It was earlier known as Chicacole before the Indian independence. The city has nearly 1.5 lakh residents and Telugu is the most commonly used language in the area. The city has ample government schools to impart primary and secondary school education. The city has quite a few aided and private schools and colleges. The city has very good connectivity in terms of roads and railway. The city is known for the Arasavalli Sun temple which is believed to be the abode of the Sun God. Legend says that the great sage Kasyapa had installed the idol in the temple. It is one of the two sun temples in India and attracts a lot of devotees.
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.