The Indian city of Bhavnagar is situated in the western state of Gujarat. It is often called ?Bhavena? by the residents. The city serves as the administrative headquarters of Bhavnagar District which was established by and named after Bhavsinhji Gohil. Bhavnagar city was the former capital of the Bhavnagar princely state, which was later merged into India in 1948. The city is a gateway to the Saurashtra region of Gujarat. It has some of the holiest temples of the Jain religion. The economy of this city is primarily industrial in nature. There are a large number of medium and small-scale industries based in the city. Diamond cutting and polishing units, plastics, salt and marine chemicals, shipbuilding and ship-breaking industries are widely popular in the Bhavnagar area. Besides the industrial units, the citys economy also benefits from agriculture. Groundnut, onion, cotton, bajra, guavas and pomegranate and mango are cultivated and traded. The city is known for its version of the traditional Gujarati snack Ganthiya. There are many government-run as well as private educational institutions in this city. Moreover, Bhavnagar attracts quite a lot of religious pilgrims since it is close to the Palitana Jain Temples. Other places like Blackbuck National Park, Takhteshwar Temple, Khodiyar Mandir, Victoria Park, Nilambag Palace Hotel, etc. also attract many tourists.
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.