Hindupur is located in the Anantapur district of Andhra Pradesh. It functions as the headquarters of the Hindupur revenue division and mandal. This town houses more than 1.5 lakh residents who primarily speak in Telugu. Hindupur is a commercially and industrially populous town. Hindupur is an important pilgrim; Sri Ranganath Swamy Temple and near Lepakshi temple attracts thousands of pilgrims every year. The municipal town of Hindupur is divided into 38 election wards and 30 revenue wards to ensure effective governance. Hindupur lies on the banks of River Penna. However, the agricultural scenario in the area is largely dependant upon rains and often suffers from the shortage of drinking water and crop failures due to the lack of adequate rain. agricultural requirements. Hindupur is a leading commercial center in the Rayalaseema Region. Cloth business is the most important business in Hindupur along with various products such as jaggery, tamarind, groundnuts, chilies and pulses. Mulberry cocoons are also procured in this town which results in the production of silk threads and silk sarees. Silk trade is gaining momentum at Hindupur as one of the important commercial activities and it might soon develop for the foreign export of silk fabrics. The area also has a few cottage industries like starch factories, beedi making, oil mills, match factories and agarbathi units.
The Federal Bank Limited based in Kochi, Kerala is a major private sector commercial bank. The Federal Bank had 1252 branches and 1680 ATMs across the country, as on 31 March 2016. The Pattamukkil Varattisseril Brothers gathered together to discuss the necessary steps to be taken to form a bank, on 7th April 1931 at Pattamukkil Varattisseril Tharavad. Among the founders of the bank are Pattamukkil Varattisseril Oommen Geevarghese, and his brothers Oommen Kurian, Oommen George Oommen Chacko. The Oommen Chacko was the managing director, and the Oommen Geevarghese was the founder chairman. The limitation of interest by the Travancore Debt Relief Act, 1941 and The Travancore Agriculturists Relief Act, 1939, greatly influenced the smooth functioning of the bank. On 2 December 1949, the bank was named Federal Bank Limited, after the completion of formalities of Banking Regulation Act, 1949. The Federal Bank introduced FedBook, the first electronic passbook in August 2013. The FedBook is a mobile application using which customers can check their passbook details. Federal Bank and SBI Card launched Federal Bank-SBI two co-branded Visa credit cards, namely Platinum and Gold N More in May 2015. In July 2015, an automated chat facility was introduced by the Federal Bank. Federal Bank launched Indias first Mobile App for Bank Account Opening in August 2015, creating history. As an upgrade to FedBook, e-Passbook App was launched by the bank as a unique facility of mobile-based bank opening. Anyone having an Aadhaar Card and PAN Card, can open a Savings Bank Account and get their Account Number instantly using a mobile from anywhere through the new avatar of Fedbook. In August 2016, Lotza, the Unified Payment Interface app was launched by the Federal Bank.