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
KBL Bank was established in 1924 at Mangaluru, a coastal town in Karnataka State. It is a leading A Class Scheduled Commercial Bank in India. The bank was formed in the aftermath of patriotic zeal that fueled the nation during the freedom movement of India in the pre-independence era. The Karnataka Limited Bank further expanded with the mergers. With around nine decades of experience of providing professional banking and quality customer services, the bank has a nationwide presence with a network of 811 branches spread across 22 states and two Union Territories. The Karnataka Bank has over 8,220 employees, 1,46,000 shareholders, and over 9.65 million customers with which the bank has emerged as a leading financial service company in India. The bank started its operations on 23rd May 1924 at Dongerkery, Mangalore. The Karnataka Bank was the first to realize the importance of having a Centralised Banking system among other banks and was the first to deploy the Core Banking System in the year 2000. This system enabled them to store and process the customers accounts from the Data Centre present in Bangalore. The bank has also deployed the State-Of-Art technology from the best players in the Industry like Infosys, Sun, and Wipro.