The city of Machilipatnam in the Krishna district of Andhra Pradesh functions as a municipal corporation, as well as the administrative, headquarter of its district. The city is also known as Masulipatnam and Bandar. It is an ancient port town which served as the settlement of the European traders in the 16th century. The British, Dutch and French used it as a major trading port in the 17th century. Machilipatnam experiences a tropical savanna climate with hot and humid summers and moderate winters. The city gets torrential rainfall during July, August and September. Owing to its vicinity to the Bay of Bengal, Machilipatnam is frequently hit by cyclones originating in the sea. The Machilipatnam Municipal Corporation is the civic body responsible for the governance of the city. This seaside city is known for its handloom industry, specializing in Kalamkari textiles that are exported to the United States and other Asian countries. Building boats and fishing are the other notable industries. Machilipatnam used to be a trading base for the Europeans and was known for the minting of copper coins, exporting diamonds and textiles. The AP state government is trying to revive the glory of the former port city. The Machilipatnam Area Development Authority is planning to set up a deep seaport and its associated industrial corridor at Machilipatnam which is expected to employ over 25,000 people.
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.