Amaravati is the defacto or People's capital of Andhra Pradesh with a vision of increasing the overall prominence of the state, especially after the split from Telangana State. The authority entrusted with the development of Amaravati into one of the prominent capital state in the entire country is the Capital Region Development Authority (CRDA). The CRDA is responsible for bringing cutting-edge technology and high-end infrastructure to the city. A striking feature of the city is the Land Pooling Scheme adopted by the government. The Land Pooling Scheme is one of the most successful techniques for achieving development in infrastructure and better technological advancements. The Bricks Initiative started by the Government of Andhra Pradesh is an initiative to indulge common people of Andhra in the development process of the state. The city of Amaravati is built on the banks of the Krishna River and it is geographically located in the Guntur District. The city of Amaravati gets its name from the Amaravathi Kings who ruled ancient Amaravati 2200 years ago. Multiple empires have ruled Amaravati in the medieval period, the Mauryas, the Delhi Sultanate, the Telugu Cholas, Kakatiyas, the Empire of Golconda to name a few. France claimed it in the year 1750 and captured by England in 1759. The residents of Amaravati are predominantly Telugus with a minority of Hindi and Kannada speaking population spread across the city.
the Syndicate Bank was established by Upendra Pai, T M A Pai, and Vaman Kudva. The bank was popular as Canara Industrial and Banking Syndicate Limited at the time of its establishment. The Syndicate bank was nationalized by the Government of India On 19 July 1969, along with 13 major commercial banks of India. It is based in the university town of Manipal, India. The business of the bank started with a capital of 8000 rupees. In 1925, the first office of the bank began its business at Udupi in Dakshin Kannada district, Karnataka, India. Its membership as a clearinghouse was secured at Mumbai by 1937. The main objective of the bank was to provide the financial assistance to the local weavers. Initially, through its agents, the bank collected as low as two annas from the doorsteps of the depositors daily. Pigmy Deposit Scheme is the same kind of system, wherein the agents of the bank come doorsteps to collect the deposit, and it is still prevailing in India. The Bank has its branches in the multiple states and union territories in India. Syndicate Nitte School of Banking (SNSB) is a joint venture between the Syndicate Bank and Nitte Educational International Pvt. Ltd. (NEIL). It operates one center each at Mangalore and Greater Noida.