Ramagundam is the most populous city in the Peddapalli district of the Indian state of Telangana. The city obtains its name from the combination of two words - Rama refers to the Hindu God, Lord Rama; Gundam means "water springs." Located on the banks of the Godavari, the city is often called the city of energy. The city hosts around 2.3 lakh residents who mostly speak in Telugu and are employed in the various industrial sectors present in the area. Roads, railway and a local airport ensure a great connectivity to this city. Ramagundam is situated in the Godavari valley coalfields. It has one of Indias largest thermal power stations owned by NTPC. Some of the industries that have flourished in the area are Fertilizer Corporation of India, Kesoram Cement, National Fertilizers Limited, TSGENCO thermal power station, Engineers India Limited, Kesoram (Birla) cement factories, etc. The NTPC plan at Ramagundam is undergoing dynamic upgrades which would help in earning carbon credits against the use of solar power as a renewable energy source. Additionally, an irrigation project called Sripada Yellampalli project, and the very first Solar Power Plant are being set up at Ramagundam
The Andhra Bank was established by the great freedom fighter, Dr. Bhogaraju Pattabhi. On 20th November 1923, It was registered and started its operations from 28th November with a paid-up capital of one lakh rupees. The logo of the Andhra Bank indicates the togetherness. The symbol of infinity states that the bank which is prepared to go to any lengths to serve its customers. The blue pointer on the top of the infinity symbol indicates that the bank has the philosophy of looking for newer growth and directions as and whenever required. The keyholes depict the safety and security of the customer, and the chain represents the bond of togetherness. The red and blue color shows the dynamism and solidity. The Andhra Bank has its representative office in the United Arab Emirates and the United States of America. The Andhra Bank has a network of 2911 branches globally across Andhra Pradesh, Telangana, and Odisha in India. The vision of the Andhra Bank is to provide a full range of banking services through customer-focused products and to maximize the value of its stakeholders.