Kakinada, a city in the Indian state of Andhra Pradesh, was formerly known as Cocanada. It is one of the largest cities in AP and serves as the district headquarters of the East Godavari district. It was initially known as Kakinandivada village, which was eventually a Dutch settlement. They used export sarees that were called coca or koka in Telugu. Hence, the place was named Cocanada. The name was finally changed to Kakinada after Independence. This city is one of the fastest growing cities in Andhra Pradesh and is currently being developed into a smart city as per PM Narendra Modis smart Cities Mission. Kakinada Port has a natural harbor at Hope Island, which contains two ports - an anchorage port and a deep-water port. The economy of Kakinada primarily depends upon agriculture, fishing and industrial sectors. Paddy and coconut are heavily cultivated in the city. The industrial sector covers the manufacture of refined edible oil, fertilizers and natural gas. The local economy is additionally supported by its textile industry and manufacture of auto parts, steel-related ancillary units and fishing. Kakinada is globally famous for its sweet called kaaja. This Tier-II city got its first IT Park in 2007 and many software companies have opened offices in the city, providing job opportunities to the local youths.
The Yes Bank was founded in November 2003 by Mr.Rana Kapoor. It is one of the top and fastest growing bank as recognized by Prestigious media houses and Global Advisory Firms. It is a full-service commercial bank and built several business lines across India. The bank had 1050 branches and 1724 ATMs as of 31st December 2017, and it is the fourth largest private bank in India. It is emerging as the Professionals Bank of India. RBI has only awarded the Yes bank the Greenfield Bank license in the last two decades. The stocks of the Yes bank are listed on Bombay Stock Exchange and National Stock Exchange of India in May 2005. Yes-International Banking was introduced in August 2007. In June 2008, the Yes Bank won the prestigious Emerging Markets Sustainable Bank of the Year award at the Finacial Times or IFC in Washington and Sustainable Banking Awards held in London. The aim of establishing YES bank was to cater to the "Sunrise Sectors of India." Its a Full-Service Commercial Bank offering a wide range of products to Corporates, MSME, and retail customers. In 2015, it was awarded as the Bank of the year-India by The Banker London.