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 J&K Bank is a private sector banking and financial services company based in Srinagar, Jammu, and Kashmir. J&K Bank established on October 1, 1938, was the first bank in the country to emerge as a state-owned bank. On 1 October 1938, the Jammu and Kashmir Bank was founded by Maharaja Hari Singh (the Maharaja of Jammu and Kashmir). The eminent investors were invited by the Maharaja to become the founding directors and shareholders of the bank. The most notable investors were Abdul Aziz Mantoo, Pesten jee, Pandit Sriniwas Magotra, and the Bhagat Family, all of whom acquired a significant holding in bank shares. On 4 July 1939, the bank commenced the operations, and it was declared as the first semi-state-owned bank of with participation in capital by State and the public under the control of State Government. The bank had achieved the status of a scheduled bank In the year 1971 and was recognized as an "A" Class bank by the Reserve Bank of India in 1976. The bank had to face severe difficulties during independence time as out of its ten branches two branches of Muzaffarabad, Rawalakot, and Mirpur fell to the other side of the line of control (now Pakistan administered Kashmir) along with cash and other assets. As per the regulations of Indian Companies Act 1956, the bank was declared as a government company following the extension of Central laws to the state of Jammu & Kashmir.