Bhopal, the capital of Madhya Pradesh, is known for its scenic beauty and old historic structures. The city has many natural as well as artificial lakes and is often referred to as the City of Lakes. The city is divided into two - old and new Bhopal. The old city is marked by its marketplaces, mosques and palaces, whereas the new city has modern buildings, broad avenues as well as many verdant parks and gardens. Folklore says that the city was founded by Raja Bhoja of the Paramara dynasty in the 11th century. The modern city of Bhopal was established by a Pashtun soldier in the Mughal army by the name of Dost Mohammad Khan soon after the death of King Aurangzeb. Bhopals delectable cuisine and splendid architecture was a gift from the Muslim rulers. During the British rule, Bhopal became a princely state and was ruled by four Muslim women who are popularly known as the Begums. These Begums gifted the city with its railways, waterworks, the postal system and even a municipality. Hindus and Muslims harmoniously coexist in this city that celebrates Diwali and Eid with equal passion and devotion. Bhopal, in recent times, serves as a trade center of electrical goods, and chemicals, cotton clothes and jewelry. The city also has various institutes of national importance. AIIMS, IISER and ISRO?s Master Control Facility are a few among them. Bhopal is known for its gas tragedy on 3rd December 1984, when methyl isocyanate gas escaped from the Union Carbide Insecticide plant and affected the lives of lakhs of people, killing thousands. It was one of the gravest industrial disasters in the history of mankind.
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.