The city of Kadapa was earlier known as Cuddapah. Situated in the Rayalaseema region of the Indian state of Andhra Pradesh, Kadapa is often referred to as the "Heart of Rayalaseema." Located near the Pedda River, Kadapa functions as the district headquarters of Kadapa district. The Nallamala and Palkonda Hills surround the city. Kadapa is known for its black and red ferrous soils. The city has been ruled by various dynasties such as the Nizams, the Cholas, the Vijayanagara Empire and even the Kingdom of Mysore. Kadapa is also known for its delectable cuisine belonging to the Rayalaseema food culture. The economy of Kadapa is largely fuelled by agriculture and mining. The residents of this region are mostly employed in Government jobs and Private sector jobs. Quite a few residents are involved in businesses and the hospitality industry. The area is known for its educational institutions such as Hyderabad Public School, Rajiv Gandhi Institute of Medical Sciences, KSRM College of Engineering, Yogi Vemana University, etc. The city is well connected to all nearby cities through roads and railways. It also houses an airport,
In February 2003, the RBI gave the license to Kotak Mahindra Finance Ltd to carry on banking business. The head office of the Kotak Mahindra, an Indian private sector bank, is in Mumbai, Maharashtra. It provides banking products and financial services for corporate and retail customers and specialized subsidiaries in the areas of life insurance, investment banking, general insurance, and wealth management.The Bank has 1,369 branches across 689 locations and 2,163 ATMs in the country, as of 31 March 2017. In 2018, it became the second largest private bank in India by market capitalization after the HDFC Bank. Uday Kotak established the Kotak Mahindra Bank which became a financial services conglomerate. The Reserve Bank of India (RBI) provided the banking licence to Kotak Mahindra Finance Ltd (KMFL), the Groups flagship company in February 2003. The KMFL became the first non-banking finance company in India to be converted into a bank ? Kotak Mahindra Bank Limited (Kmb)ltd.In a study published in February 2014 by Brand Finance Banking 500, KMBL was ranked 245th among the worlds top 500 banks with valuation of around half a billion dollars and brand rating of AA+. The Kotak Bank acquired ING Vysya Bank in a deal valued at ?15,000 crore in 2015. Total employment jumped to almost 40,000, and the count of branches reached 1261 with the merger. After the merger,the ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank.