Gudivada is situated in the Krishna district of Andhra Pradesh. The city functions as the headquarter of the Gudivada revenue division and the Gudivada Mandal. Gudivada is a part of the Andhra Pradesh Capital Region, located in the Coastal Andhra region of the state. Gudivada has a population of more than 1 lakh residents who commonly use the Telugu language. Gudivada has derived its name from the words Gudi which means Temple and Vada which means settlement or town in Telugu. As per some inscriptions, the town has been inhabited since the 3rd Century or 2nd Century BCE, since the time of the Sathavahanas. Archaeological excavations conducted at Gudivada found an ancient Buddhist stupa mound and several Jain relics. Hence, Gudivada is a religiously diversified town with numerous Hindu Temples and important Jain Tirth as well. The city is divided into 36 election wards for effective governance. There are six temples at Gudivada under the management of the Endowments Department - Sri Gowri Sankara Swamy Temple, Sri Bhimeswara Swamy Temple, Sri Veeranjaneya Swamy Temple, Sri Venugopala Swamy Temple, Sri Venkateswara Swamy Temple and Sri Vigneswara Swamy Temple. There are many government-run as well as private educational institutions in Gudivada. This town has a good network of roads and railway which connect it to all nearby areas.
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.