Katihar is situated in the eastern regions of the Indian state of Bihar. It functions as the regional headquarter of the Katihar district. It is known all over the eastern part of India for being a highly strategic railway junction. This city belonged to the Purnia district earlier. It is a part of the Mithila region. Katihar has a widespread railway network which connects the city to every other part of the country. It is known for its connectivity to the nooks and corners of the North East via railway and hence it is sometimes called "The Gateway of North-East." The city is located in the interior of Bihar and does not have a good network of roads. Katihar has many renowned educational institutions. Schools like Kendriya Vidyalaya, Ramakrishna Mission and Jawahar Navodaya Vidyalaya have their branches in the city. Quite a few well-known colleges in Katihar offer courses in medical sciences, technology. law and other disciplines. The city has a special inclination towards Movies and Sports. There are many movie theatres and open grounds to support these passions of the residents. The railway junction, which is connected to six different lines, is the main revenue generator for this city. Katihar is also a commercial city with plenty of shops, showrooms and restaurants.
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.