Bhimavaram is situated in the West Godavari district of the Indian state of Andhra Pradesh. The administrative headquarter of the Bhimavaram Mandal in the Narasapuram revenue division is situated at Bhimavaram. The city has around 1.5 lakh residents who speak in Telugu. Bhimavaram was under the reign of the Chola dynasty, proven by many stone inscriptions found in the town from this era. The name Bhimavaram literally translates to "the gift of Bhima". Legend says that a king named Chalukya Bheema had built a Siva temple in the 1st century which led to the foundation of this town. It was earlier called "Bhimapuram", which gradually changed to "Bhimavaram." This town is in the epicenter of the fertile Godavari delta region, which makes it a principal trade center of paddy. Agriculture-based businesses thrive in the area. Food processing, aquaculture, rice mills, etc., are the main sources of economic growth of the town. Bhimavaram is the regional center for higher education as well as specialized health services. Bhimavaram is recognized for the Gunupudi Someswara temple. Built during the 3rd century AD, this temple is one of the five holy Pancharamas. The Shiva lingam idol in this temple is known for changing its color. As per the lunar calendar, it turns black during the new moon and white during the full moon. It is a place of major tourist attraction.
The DCB bank was founded in 1930. It is headquartered in Mumbai, Maharashtra, India. It is a private bank, and the stocks of DCB bank are listed on Bombay Stock Exchange and National Stock Exchange of India. Mr. Nasser Munji is the chairman, and Mr. Murali M Natrajan is the MD and CEO of the DCB bank. The products that DCB Bank offers are Consumer Banking, Corporate Banking, Mortgage loans, Private Banking, wealth management and investment banking. The DCB bank is present in 19 states of India. Some the states are Bihar, AP, Delhi NCR, Karnataka, Kerela, MP, Rajasthan, Maharashtra, Tamil Nadu, UP, Odisha, Haryana, Uttrakhand, and Telangana. In Corporate Social Responsibility(CSR), the bank is leading a waste and water management programme. Currently, in 2018, the bank has a network of 323 branches which has been increased from 160 offices, the number it had two years back. In 2016, the DCB Bank or Development Credit Bank Ltd offered shares to the public through Initial Public Offering(IPO). The Development Credit Bank was changed from Development Co-operative Bank after the two banks were merged.