Vijayawada, known as Bezawada in the local language, is located on the banks of Krishna river in the Indian state of Andhra Pradesh. Vijayawada is the 2nd most populous city in the state and it will soon become one of the satellite cities to the new state capital. The city works as a gateway to the rest of the country for the coastal agrarian regions of Andhra Pradesh. It also boasts of a high GDP. Vijayawada is surrounded by River Krishna which contributes to the fertile agricultural soil. Prakasham Barrage is one of the most recognizable and well-known landmarks of the city. The latest administration of the city is carried out by dividing the city into 59 wards. The economy in the city depends on agriculture along with other modern industries such as textile, automobile, hardware, consumer goods and other SMEs. There are a few large industrial estates located in and around the city which are known for heavy industries and the small-scale manufacture of auto components. Vijayawada is a major hub for education. There are many government-run and private academic institutions in the city like the SRR & CVR Government College, Andhra Loyola College, V R Siddhartha Engineering College, School of Planning and Architecture.
On 12th March 1906, the Corporation Bank established as Canara Banking Corporation Limited, in the temple town of Udupi, by a group of visionaries. The initial growth was consciously cautious and need-based. In 1923, the first Bank branch was opened at Kundapur, and in 1926 the second branch was opened in Mangalore. In 1934, the Bank stepped into Coorg State by opening its seventh branch. The Bank got listed in the second schedule of RBI Act, 1934 in the year 1937. The name of the Bank had changed from Canara Banking Corporation Ltd to Canara Banking Corporation Ltd In 1939. In 1972, the bank changed its name again, from ?Canara Banking Corporation Ltd.? to ?Corporation Bank Limited.? And finally, the bank became ?Corporation Bank? after its nationalization on 15th April 1980. The total revenue of the Bank was Rs.3.29 lakh crore, as on 30th September 2017. Currently, the Bank has 3169 ATMs, 4724 Branchless Banking Units, and 2501 fully automated CBS branches, across India. The Bank has its representative Offices at Dubai and Hong Kong. The Branchless banking units have been expanded to more than 4700 villages by the Corporation Bank alongside issued smart cards to all account holders in these villages to enable them to use the Business Correspondents model operated by the Bank.