The city of Chandrapur is situated in the Indian state of Maharashtra. It is a municipal corporation in Chandrapur district and serves as the center of governance of the eponymous district. Chandrapur was originally a Fort city that was founded by a Gond king by the name of Khandakya Ballal Sah in the 13th century. Situated at the confluence of Rivers Irai and Zarpat, the area surrounding the city is rich in minerals, especially coal. Therefore, Chandrapur is popularly known as the "black gold city." The city experiences a hot and dry climate. Chandrapur has around 3.8 lakh residents who mostly speak in Marathi. The natives belonging to the Gond tribe use the Gondi language, whereas Telugu is also widely spoken by Telugu settlers in Chandrapur. Most of the residents are fluent in Hindi and many can speak English. Coal mining mainly fuels the economy of this city, backed by other emerging industries such as cement making, paper manufacturing, and ferroalloy manufacturing. The Chandrapur Super Thermal Power Station employs thousands of residents and also supplies more than 25% of Maharashtras electricity. The Tadoba National Tiger Reserve in the vicinity of Chandrapur is a major attraction for tourists and environmentalists.
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.