Vizianagaram is a seaside city in the Indian state of Andhra Pradesh. It functions as the headquarters of the Vizianagaram district and mandal. The city is close to the Bay of Bengal and around 40 kilometers away from Visakhapatnam. Various rivers flow through the city such as Nagavali, Vegavathi, Champavathi, Gomukhi, Suvarnamukhi, and Gostani, rendering the area very fertile and conducive to agriculture. There are several irrigation projects on these rivers which indirectly contribute to the economy of the city. The city experiences a predominantly hot and humid climate throughout the year. Around 2.3 lakh residents live in Vizianagaram who mainly speak in Telugu. The city is known for its production of Jute. The coastal belt of Vizianagaram is known for salt cultivation. The largest industry in this area is the manufacture units of ferromanganese. The city has 22 large-scale industries that manufacture jute twine, ferroalloys, sponge, sugar, cement, pharmaceuticals and iron. Vizianagaram has quite a few small-scale industries that focus on general engineering, motor workshops, RCC spun pipes, sawmills, aluminum utensils, groundnut oil mills, rolling mills and vehicle parts.
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.