Eluru is a small city in the Indian state of Andhra Pradesh. It also functions as the district headquarters of the West Godavari district as well as the Mandal headquarters of the Eluru Mandal in the Eluru revenue division. The city lies beside the Tammileru river. The city is well known for its carpets, wool-pile and hand woven products. Eluru has a population of more than 2 lakh people and experiences a hot and humid climate. Eluru Municipal Corporation is the civic body governing Eluru, which includes the census towns of Sanivarapupeta, Tangellamudi, Satrampadu, Gavaravaram, parts of Komadavole and Eluru villages. Eluru has been known for rug weaving since the 17 century - an art derived from the weavers of Iranian descendants. The thriving wool-pile and carpet industry boosts the citys economy. The eco-friendly carpets are exported to various countries. Buddha Park at Eluru is a popular tourist destination. The Kolleru Bird Sanctuary is home to many native and migratory birds. Fr. Silvio Pasquali Memorial Convent at Duggirala contains a replica of the ?Holy Land? of Israel, which is definitely worth a visit.
Ratnakar Bank was founded in August 1943. According to Business World-PWC Best Bank Survey, it was rated as the fastest growing small bank simultaneously in the year 2013, 2014 and 2015. In the year 2013, it bought a particular business of the Royal Bank of Scotland due to which 1.5 lakh of RBS customers moved to RBL Bank. In the year 2016, it acquired a 30% stake in Swadharv Finserve Pvt Ltd.RBL bank started the first credit card for Gold enthusiasts in association with Indian Gold Union. To support the government campaigns such as Make In India and Startup India, the RBL Bank came up with the Startup Club to fulfill the end to end banking needs of the emerging entrepreneurial community. It has also started the financial literacy program referred to as "Shaksham" in association with CDC to provide education to 25000 individuals and 300 villages in the four districts of MP. The RBL bank has also been a banking partner for the Delhi Daredevils. RBL even started another financial literacy program "Swadhaar Finaccess" for women from lower-income communities in association with Swadhaar Information and Management Services in Gujarat and Mumbai.