The city of Nandyal is situated in the Kurnool district of Andhra Pradesh. It functions as a municipality as well as the headquarter of the Nandyal Mandal in the Nandyal revenue division. There are over 2 lakh residents in this city and they speak in Telugu. The City was earlier known as Nandalluru. It receives its name from Nandi, the vehicle or "vahana" of Lord Shiva. The word Aalaya means house or abode in Sanskrit. The city of Nandyal is surrounded by nine Nandis. Hence, it was named as Nandi Aalaya. Over the time, the name got modified to Nandyala or Nandyal, which is the present name of the city. Nandyal is surrounded by nine temples of Nandi, the bull. These bull temples are collectively known as the Nava Nandi. The largest Nandi idol in the city is in Sri Yaganti Uma Maheswara Temple. The Archaeological Survey of India claims that the rock grows at a rate of 1 inch in 20 years. Nandyal is a major hub of industries as well as agriculture. The city is rich in natural resources like marble. Additionally, there are numerous rice mills and oil mills in the area apart from a few industries that produce milk, soft drinks, sugar, PVC pipes, etc. A few famous companies like Milk Dairy, Nandi Polymers, S. P. Y. Agro and Nandi Steels have set up their units in the city.
Incorporated in 1911, the Central Bank of India was the first commercial bank which was entirely owned and managed by Indians. Sir Sorabji Pochkhanawala, founded the Bank as a result of his dream realization about the bank. The first Chairman was Sir Pherozesha Mehta of this pure swadeshi Bank. In fact, Sir Sorabji Pochkhanawala felt so proud about this bank that he proclaimed CBI as the "countrys asset and property of the nation." He also said that "CBI has been made on peoples faith and considers itself as the peoples bank." During the last 106 years of history, the Bank has faced challenges and threats. The CBI successfully transformed every threat into an opportunity of business and excelled over its competitors in the Banking industry. The Central Bank of India can be honestly mentioned as an all India bank, due to stretch of its vast network across all the 29 States and 6 Union Territories of India. Among the public sector banks, the Central Bank of India holds a very significant place on account of its 4715 Branches, 1 Extension counters, along with 10 Satellite Offices as on January 2018, at various centers throughout the length and breadth of the country.