Anantapur, situated in the Indian state of Andhra Pradesh, is a small city that functions as the mandal headquarters as well as the divisional headquarters of the Anantapuramu mandal and the Anantapur revenue district respectively. Its official name is Anantapuramu. The region experiences a semi-arid climate that remains hot and dry for most of the year. Around 2.5 lakh people live in the city. Anantapuramu provides railway connectivity and it is labeled as an A?category station in the Guntakal railway division. It is connected to the nearby cities through several national and state highways. Millets like Jowar, Bajra and Ragi are cultivated here for consumption as well as trade. The important educational institutions in Anantapur are Sri Krishnadevaraya University, Sri Sathya Sai University and a campus of JNTU. Telugu is the most widely spoken language. Urdu, Kannada and English are also spoken.
The Union Bank of India was incorporated on 11th November 1919 with its headquarters in Mumbai. In the year 1921, The Head Office of the Bank in Mumbai was inaugurated by Mahatma Gandhi. The Bank has a presence of over 4200+ branches across India. The core values of bank management are reflected in the fact that the bank has shown an exponential profit growth in last 96 years of its working. The Union Bank has been playing a very proactive role in the economic growth of India. It extends credit to meet the requirements of different sectors of the economy such as Industries, exports, trading, agriculture, infrastructure. Along with that, there are individual sectors in which the bank has given credit to influence economic growth and to earn from a well-diversified portfolio of assets. The resources of the bank are mobilized through Term Deposits, Current, Savings, and through refinance and borrowings from abroad. The Union Bank consists of large customer base of over 5.7 crores. On the technology front, the Bank has been an early adopter of technology due to which 100% of its branches are computerized. Shri Rajkiran Rai G. is the current Managing Director and CEO of the bank.