Guwahati, often pronounced as Gauhati in the regional dialect, is a scenic city situated in the north-eastern state of Assam. It lies on the foothills of the Shillong plateau and the Brahmaputra River flows through it. Guwahati is a larger expanse that encompasses the city of Dispur which is the administrative capital of Assam. Guwahati is the hub for trade and commerce in the northeast with the economy of the city driven by tea plantations and tourism. Industries such as pharmaceuticals, oil, electronics and textiles also contribute to it. The Guwahati refinery is one of the oldest refineries in India which contributes substantially to the economy and employment in the city. Assam is known for its tea. Most of the tea leaf processing and trade happens through Guwahati. The city also boasts of its beautiful handloom and textiles that are exported to all parts of India. Education is a rapidly developing sector in Guwahati. Some of the countrys finest institutions like the IIT have been set up in the city in addition to the older prestigious institutions that were already extant in Guwahati. Tourism is a dominant sector and the city acts as a gateway to the entire Northeast. The Kamakhya temple and the Umananda temple draw innumerable devotees every year.
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.