Bhimavaram is situated in the West Godavari district of the Indian state of Andhra Pradesh. The administrative headquarter of the Bhimavaram Mandal in the Narasapuram revenue division is situated at Bhimavaram. The city has around 1.5 lakh residents who speak in Telugu. Bhimavaram was under the reign of the Chola dynasty, proven by many stone inscriptions found in the town from this era. The name Bhimavaram literally translates to "the gift of Bhima". Legend says that a king named Chalukya Bheema had built a Siva temple in the 1st century which led to the foundation of this town. It was earlier called "Bhimapuram", which gradually changed to "Bhimavaram." This town is in the epicenter of the fertile Godavari delta region, which makes it a principal trade center of paddy. Agriculture-based businesses thrive in the area. Food processing, aquaculture, rice mills, etc., are the main sources of economic growth of the town. Bhimavaram is the regional center for higher education as well as specialized health services. Bhimavaram is recognized for the Gunupudi Someswara temple. Built during the 3rd century AD, this temple is one of the five holy Pancharamas. The Shiva lingam idol in this temple is known for changing its color. As per the lunar calendar, it turns black during the new moon and white during the full moon. It is a place of major tourist attraction.
The Deutsche Bank AG is a German financial service and investment banking company based in Frankfurt, Germany. It is present in 58 countries with a presence in Asia, Europe, and the Americas. It is the 17th largest bank in the world by total assets, as of December 2017. The Deutsche Bank company is a component of the Euro Stoxx 50 and DAX stock market indices. It is a universal bank positioned on three pillars the Private & Commercial Bank, the Corporate & Investment Bank and Asset Management. It was founded in Berlin as a specialist bank for foreign trade in 1870. On 22 January 1870, the banks statute was adopted, and on 10 March 1870, the Prussian government granted it a banking license. The law focused more on foreign business. The bank aims to transact all types of banking business and facilitate trade relations between Germany and the other markets. The three founders of Deutsche Bank were Georg Siemens, Adelbert Delbruck, and L. Bamberger. The German importers and exporters were dependent upon English, and French banking institutions previous to the founding of Deutsche Bank in the world markets as German bills were almost unknown in international commerce.